this post was submitted on 17 Jun 2026
583 points (99.2% liked)

Curated Tumblr

7312 readers
8 users here now

For preserving the least toxic and most culturally relevant Tumblr heritage posts.

Here are some OCR tools to assist you in transcribing posts:

Don't be mean. I promise to do my best to judge that fairly.

founded 3 years ago
MODERATORS
Apytele@sh.itjust.works
ethaver@kbin.earth
583
The elusive shareholder (lemmy.world)
submitted 3 weeks ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works
27 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] Flower@sh.itjust.works 12 points 3 weeks ago (1 children)

You're of many minor shareholders. They also give you in theory some say in the company, with one vote per share, but in practice you're ignored. Then you have the major shareholders, owning millions in shares, and having a some to big influence in the company. These are the people they invite to shareholder meetings. And then there is the special class of shareholders, think of Musk and Zuckerberg, that own now billions in shares that give them 10 votes per share for example so nobody can outvote them.

[–] evasive_chimpanzee@lemmy.world 9 points 3 weeks ago (1 children)

I never understood how special shares were legal. I mean, I do understand that it's because the ownership class wants it that way, but it's insane.

It's literally letting people have their cake of controlling a company while eating it by selling the company off simultaneously.

[–] PyroNeurosis@sopuli.xyz 2 points 3 weeks ago

Some special shares are cheaper, but you don't get a vote. Those shares are for the sort that just wanna ride the corporate wave without any "guilt".