Comment

Comment on How do shares work? How does musk control twitter if he only owns 9% of the shares?

So Musk owns twitter so there is no stock anymore. He does have loans for the purchase which are probably backed by his twitter ownership and his Tesla stock.

However there is another way to not have majority ownership and still have majority voting power. Google has class A and class B shares. Each class A share gets 10 votes and class B shares get 1 vote.

Only the founders of Google got class A shares and if they are transferred to anyone but another founder they revert to class B shares. So they have a minority ownership and a majority vote.

source

Sort:hotnew top

Pieisawesome@lemmy.world ⁨1⁩ ⁨week⁩ ago
Twitter still has shares, they just aren’t publicly traded

source
- Hugin@lemmy.world ⁨1⁩ ⁨week⁩ ago
  Your right. I thought the shares had be dissolved but they have not it’s just a privately traded company now.
  
  source
  - NotMyOldRedditName@lemmy.world ⁨1⁩ ⁨week⁩ ago
    It’s possible the shares were dissolved and some wholly nee areagement was made.
    
    source