Jamal Awil

← The Age of Surveillance Capitalism

Other IPOs featured super-voting shares with as many as thirty to ten thousand times. [fact]

In 2017 Snap's IPO offered only nonvoting shares, leaving its founders with 70 percent control of all votes and the remainder in the hand of pre-IPO investors. … Other IPOs featured super-voting shares with as many as thirty to ten thousand times as many votes per share as the ordinary class of stock.

Shoshana Zuboff, The Age of Surveillance Cap…, loc. 1900