Skip to content

Topic

Dual-Class Share Structures

Corporate structures with multiple stock classes carrying unequal voting power, letting founders retain control while holding a smaller economic stake.

Current stories

leadershipOne report1 publisher

Meta's board opposed a 2018 privacy committee proposal a year before the FTC ordered one

Meta's board rejected a 2018 shareholder call to study a privacy risk committee a year before the FTC fined the company $5 billion, an ICCR memo says. Outside holders backed the request at 45%, but Mark Zuckerberg's voting control cut the recorded tally to 11.55%, so the board's win mostly measured his vote.

Reality

Evidence40
Adoption
Not scored
Hype gap+35
Incentives65
Confidence45
investOne report1 publisher

Speculation on a bid for Gemini's licences persists, but founders' $14 May stake buy signals no rush to sell

Gemini's second-quarter exchange revenue fell 38% to $12.5 million and spot volume fell 66% to $3.8 billion while the stock sits just over $5 against a $28 listing. Two founders control 94.5% of the votes.

Reality

Evidence54
Adoption28
Hype gap+12
Incentives58
Confidence46
productOne report1 publisher

Anthropic's answer to a 2 percent stake: hand the founders extra votes

A supervoting share class and a board-appointing trust would let seven founders with a modest combined stake keep the final word after a listing that could be among the largest ever.

Publishers:thenextweb.com

Reality

Evidence42
Adoption28
Hype gap+14
Incentives68
Confidence48
investOne report1 publisher

SpaceX's price is set by a lockup calendar, and Musk's 6.4bn shares do not clear until 2027

A staggered unlock schedule runs to Q2 2027, per cryptobriefing.com. August's tranche was 911.5m shares; Musk's block is about seven times bigger and still months out.

Reality

Evidence24
Adoption
Not scored
Hype gap+42
Incentives58
Confidence23