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Episode 32: The Snap Inc. IPO

Acquired

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Is There a 10 to 1 Voting Structure in a Stock?

David Bianculli: This is breaking new ground for tech companies. Usually there's a 10 to one voting structure where each share of the founders stock has or the CEO stock has 10 votes to every one of the public stock, he says. But with dual-class shares you can buy that and have more say in company decisions. He says this could be used by activist hedge funds who are trying to get board seats but it would also give them an edge over other potential candidates.

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