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user-inactivated  ·  2582 days ago  ·  link  ·    ·  parent  ·  post: SNAP IPO Shares Offer Investors No Voting Rights

Well it used to be that you were buying a voice in the company (nominally admittedly) and a right to profits through regular dividends. But now companies don't regularly declare dividends as often, and now you're not even getting a vote. So all you get is the appreciation of the stock, should it in fact appreciate. It's a brave new world of investing.

It's also interesting to note that an exclusive group of people were able to buy class B and C shares which gave them the ability to have 1 and 10 voting shares respectively. Just not you and me. More importantly, the founder and his partner retained 88%-ish of the control of the company. Since they've been unable to do anything to correct cash flow at this point, we'll see how that works out.

We're just expected to give them money with no control over it. Or not, like you said.