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JamesHackerMP

GOOGL vs. GOOG

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It seems that Alphabet, Inc. (the parent company of Google, iow) has two different types of stock floating on the NASDAQ, at approximately the same share price. It used to be just GOOG but now there is GOOGL.

Anyone have any clue what the difference between the two is? I'm confused.

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A gigantic corporate scam that probably wasn't even approved by shareholders. I don't mind keeping the founders rich, whatever that's capitalism; but this is a dilution of the control of the owners of the corporation by other owners (insiders or control persons). What a bunch of twats. If they own all these B-shares which control the company for real, it's not even really a publicly traded company at all, is it?

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Well, a lot have corporations have separate, preferred classes of shares that are not always available to the general public, so I guess it is legal (SEC).

 

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Actually, I might add: the preferred classes of shares typically do not hold ownership value (votes). THese class B private shares that control most of Alphabet, Inc. are not preferred stock, they're more like common stock (ownership of the company in common, hence the name). But they're kept from the public. It sounds like Alphabet's executives are trying to have their financial cake and eat it too.

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