They are still banned on some exchanges, which is why lots of companies list on certain exchanges or in certain countries, because it lets them do this
Dual Class stocks aren't really an issue, because investors should know not to buy non-voting shares. And once someone owns a voting share, the company can't just reduce that stock's share of the vote. As for stock buybacks, they're just a more tax-efficient alternative to dividends. Many investors just reinvest their dividends, but they're taxed upon receiving the dividend and upon selling the share they bought with the dividend. On the other hand, with buybacks, you're only taxed when you sell the share. Buybacks are the best way for highly profitable companies which don't grow very much, such as Apple, to give profits to investors.
If public companies with quarterly shareholder pleasing incentives were able to compete in the fastmoving tech world you wouldn't have the issue. But they can't. The governance model sucks for anything fast and unpredictable. Imagine Zuckerberg having to ask Blackrock for permission to fire 1/ 3 of web developers and hire 10000 mobile developers when Instagram became popular crushing profits in the process.
I recently learned about this due to Vince McMahon and WWE, how he was able to crawl back into the company after "retiring" last year because of the allegations, despite the board of directors not wanting him back, because at the end of the day he still had higher voting power because of his stock.
the video production quality has caught up with your story / essay quality. It's great to watch, I'm loooking forward to learning more, and to seeing where you take this channel. Good one Hari and crew, I knew there was something in you
please do some behind the scenes vids, it'll be good to see the crew, and you, behind these videos, especially as the quality has gone up. It's great for people to know the humanity behind it
Zuck isnt even 40, seems like this dude has been around forever. I wonder if this whole metaverse thing is because he is bored with facebook and wants to do something more innovative..
it's part of his effort to diversify the company's "economic MOAT" and products. It failed, of course. They're a lot like Google, they're only really good at data collection.
Aswath Damodaran put it best when he said that this is basically the tale of the benevolent dicator. You have no say in the company but you hope that popular person x will be rich and successfull and will let you part take in it.
Yes, I was aware of this issue, though I didn't know it was an issue. However I knew of it under the name of common and preferred stock, common stock receiving dividends right and preferred stock receiving voting rights. Thank you for a wonderful explanation.
The good thing about this, is that they can tell the asset management companies like Blackrock, to fuck off if they try to dictate any policies. Those companies have huge power over most corporations and the world in general. The average retail investor doesn’t really care about voting and probably don’t even realise if they’re buying non voting stocks. They just want the greater fool to buy the stocks from them at a higher price someday.
@@tbraghavendran Because it will accomplish absolutely nothing. I'd need to be a billionaire, to buy enough stocks to the point where the voting actually influences the company.
It's not bad to want total control over your company. After all, it's yours. Giving investors voting power would be like trying to make a pure form of democracy, that would be chaos. So I don't see anything bad in founders having total power over their companies. If I worked from scratch for decades to build a conglomerate, I will definitely want to be the captain of the ship and will never give over control to people who at the slightest sway of emotions will wreck everything I worked for.
yeah ditto, if youre the boss its good to be the boss, it just sucks for the people who are bank rolling you when you start to make a bunch of stinky decisions and waste everyones money
That makes sense, but there's a solution for that. When you go public, just retain X% control of the company. You don't have to put 100% of the company on the market. Or, if you really want private ownership just keep the company private.
Except you would not have been able to build the company to what it was, if not for the other investors. So I think it's fair that some ownership is sacrificed. It's up to them how much they want to sacrifice. When they sell shares in order to liquidate, this is a decision they made as well. You can hardly expect Bill Gates to still own Microsoft after selling all but 1% of their stock.
That's having your cake an eating it too. They want to sell the company while keeping ownership of the company. These founders have sold the company, they shouldn't get to keep control of something they have sold
I personally have no problem with this if it was implemented ok. Like what if, 10x voting power, = one tenth of the profits? You have to give up on your money if you want that control.
Not good idea. You will abuse power with that for yourself. Example I will make my company win the contract like use my personal catering company etc so the money will transfer to my self. Voting power x10 is already been format before you buy that company so you know what you got before
2:19 The "metaverse" was Mark's answer to anti-trust laws after the whistleblower told us everything. Sacrifice half of your money to save the other half.
Can't believe people don't know about this. I guess I do because I went to business school. Not only can there be classes of common stock, there's also preferred stock which has better and priority dividends, and other features that make those shares sort of like a bond. But the only problem I see is people not doing their due diligence and knowing what they are buying. Caveat emptor.
Different classes of shares is common in Europe. It’s why I always buy the voting ones when they cost practically the same, like Alphabet A. Just waiting for that power play for company control to make me a millionaire :)
another great video. i learned this with an investment in a small local company, you just assume that investing money means you have a say in the strategic direction a company takes, but no. with mine i have 1 vote per share, but the founders have like thousands of votes, which means i may as well have no vote at all. glad i learned that lesson with an early investment that wont make or break me, and glad youre warning other people to watch out for this practice
Great explanation. Wouldn’t necessarily stop me investing in one of these companies, but I’d need to take a serious look at the people with the controlling stock. Oddly enough, I’d probably avoid metaless Meta.
What about really good founder run companies like the Rochschilds and the makers of coca colla? What about Ferrari ane most designer brands? What about the hundreds of companies that faded into obscurity despite not being founder run rather because of the incompetence of the board? The problem isn't founders or boards. The problem is ability. One man can more brain power than a team of people and the other way around is also true. My point is that there is no correlation or relation behind who runs a company or not
"Modern founders".. HOW MANY startups had so much leverage upto IPO, such that they could issue separate classes of shares and still have investors throwing money at them? Basically only the companies you mention... The other 1,000,000+ startup founders don't have this leverage...
I think the problem is availability . You can create a type of stock that doesn't need to be in the market. Lets say you want to sell 30% of your company. Here you can have only those stocks that doesn't have any voting rights. If it was like you need to sell 30% of A, 30% of B and 30% of C then there would not be any issues.
I would have Much Preferred to Have the Real Culprits as Subjects for Mediatic Lapidation.. But Denying So Much Reality for a Wrongful Idea of Personal Gain... Is really Threatening ..
Logically Answered, I don't agree with your portrayal of dual class stocks as a morally dubious thing. You do an IPO at a stock exchange to get money and public recognition as a company. But it is also extremely threatening to your business and your employees alike because your shareholders can sue you if you don't become a sociopath hell bent on maximizing revenue at the expense of both consumers and your staff. You also risk losing control of your company as a whole if some corporate raider can persuade your shareholders that he can do a better job than you and buys them out. So it's only logical to protect yourself and your life's work in some capacity against raiders and public pressure. If people won't like what you're doing they can still sell their stock or try to manipulate public opinion so it causes a massive run on the value of your company. Not a big deal. If Zucc flops on his big metaverse dick, then Facebook as a whole will be punished for misinvestment anyway. That being said, things like stock buyback should obviously be illegal. Profits should be distributed primarily to employees and not used to reward shareholders. Their reward is the price of the stock itself and the ability to trade it.
What you said mostly made sense until the last paragraph. Saying the employees should get profits and not the shareholders, doesn't make any sense at all. The employees get paid wages, which is taken from revenue. The profits are given to shareholders afterwards, as dividends. That's the whole point of them investing in the first place. Without dividends being distributed, it all just becomes a big ponzi scheme. It mostly has become that, but it's definitely not something to promote. We might as well be throwing money into a bucket and hoping someone else throws more in for us.
people are throwing money at meme cryptocurrencies and magic gifs of monkeys, i think we're over the issue of multiple-class shares. anyway, at least a lot of expensive lawyers on both sides argued over this crap for a very long time to make these sorts of agreements, rather than a marketer hiring a celebrity to tell a bunch of lies in a superbowl commercial to sell a modern ponzi scheme.
Mandate of Heaven: To be Counted Righteous always meant to reject Evil absolutely never allowed to justify evil crime lawlessness in heart thus when being made aware of Law (Truth) thus taking God at his word (God's word (law) made flesh: Jesus Christ replacement of First Man & the Lord of Heaven in the Flesh the literal Body of God) hence obedience and sacrifice the test of the heart (In full legal agreement with/Listening to God). The Heart is what has always been judged (pure) as good or evil. (Once learned made aware of Law, All People held to account judged by Law known/Israel.) El-Elyon (Most High), Ahura Mazda "Wise Lord" (Persia) Zoroastrianism, Egyptian Book of the Dead, Ancient China Temple of Heaven (Shang-Di), Xiongnu Mongols (Tengri), (Egypt) Ancient of Days, all prime cultures prove the only first religion and priesthood of humanity the Melchizedek Priesthood Jesus Christ (completed) fulfilled forever as the living High Priest of the Promised Virgin Birth Covenant: Christianity is the fulfilled Melchizedek Priesthood through Jesus Christ the only promised savior redeemer who fulfilled the law and prophets and his Orthodox Church (All Holy Trinity Church Branches of correct doctrine is counted as Orthodox) is the only Functioning prophetic Holy Spirit Lead Priesthood of the 12 Tribes of Israel. Children, Free Will, & The Tower of Babel cultural language divide delays Jesus Christ's reign as when he claims throne he is immediately responsible for judging all both living and dead. All ancients knew of the promised resurrection of the Dead (Reincarnation), virgin birth, and Judgement Day of the Righteous and Wicked souls; To be perfect is to be complete according to set standard, mathematical law of absolutes good vs evil. The true opposite of love is unholy selfishness, the epitome of pride is self-righteousness (unmerited value/unlawfully agreed). People confuse pride with its righteous opposite which is Glory/Honor all ancients sought. Good is that of Truth/Holy Lawful Order, & Justice. Evil is that of Lies, unlawful disorder, chaos. Clean vs Unclean, Holy Lawful Hate vs Unholy Criminal Hate. Jesus Christ is the Law and the Test of Faith & Heart concerning righteousness and ritual purity (Ritual Purification) "Sanctification" that which is Holy; whereby Jesus Christ (The Lamb of God) the word of God in the flesh is the standard of measure how a person is judged as good or evil based on their choice to receive God's payment blood covering sacrifice through Jesus Christ's Perfect Lawful Life. Faith=Trust. (KJV Bible for English) (Romans Ch.10) (Eternal Life) If you confess with the mouth the Lord Jesus, and shalt believe in thine heart that the creator (supreme spirit) Lord of Heaven hath raised him from the dead, thou shalt be saved.” Jesus Christ the only worthy Emperor King of Kings Alpha Omega of Humanity has the authority and dominion of the first man and is the Eldest of the Human Race (Virgin Birth promised by Creator before Cain & Able) and First Born resurrected unto Glorification from the Dead. Israel is the church body of Christ Family of God; all people of any nation of the world that choose Righteousness, Honor, & Glory are citizens of Israel the Most High Lord of Heaven's Kingdom. Peace = Jesus Christ the only begotten son of God born from a virgin with no corruption from Adam's Seed. Islam is Satans Counterfeit of The 12 Tribes of Israel. Most people in world (All Ethnicities) including Arabs that identify as muslims are actually Israelites by Blood (All saved by Blood of Messiah Jesus Christ counted as Israelites co-heirs by Blood of Jesus Christ). #Zoroastrianism proves virgin birth (3 Wise Men Kings from East). Confess & Repent of Evil Crime lawlessness by Jesus Christ to Heavenly Father Creator of Life! (stop doing crime and ask for forgiveness for all evil done, can only confess and repent because of Jesus Christ) ✓Share with everyone, Diyu Shiwang Earth Prison Hell Ionic covalent bonding law water/air the spirit is a Gas given state of matter, God is light there is no darkness in him, spirit mini light star fuel fodder if trapped bonded to the Lake of Fire Earth's core Domain of all impure dead, Man was given dominion and made of earth so the wicked withered unsealed souls are pyre for the Earths domains fire. (Psalm 88 Bottomless Pit) Every action has equal opposite reaction one reaps what they sow by covenant. As with the Israelites the Living God sent Holy Angels to cultures such as the Native Americans giving them a form of the Gift of Tongues (prayer language whereby the Blood of Jesus Christ by word law promise of God virgin birth covenant was invoked for healing etc. binding and sealing evil spirits). Many Native Americans are mixed with Israelite Tribes of Asher, Gad, and Nephtali. There were pure hearted people and evil "witch" magicians and false prophets using evil spirits (all ghosts are demons unlawful spirit creatures from Fallen Angels/humans having unnatural sex with animals) among the Native Americans as with all groups that were sent the law and real prophets of God. Zoroastrianism is named after Zarathustra/Zoroaster a Prophet of the Living God whereby that "religion" is actually fully tied too thus derived from the Melchizedek Covenant. The Emperors of Ancient China acted as High Priest for the Kingdom people and land sacrificing a lamb at the Temple of Heaven to the Lord of Heaven just the same as the Israelites were instructed. Read Acts 2:17 KJV. I am a jew by blood and orthodox christian and one of the Prophets appointed unto this Generation. I am a literal witness that Jesus Christ is Alive! I have seen and spoken to Angels and Demons, Astral Projection out of body experiences, I have heard the audible voice of the Living Eternal Creator Father God as with all the Prophets before me (Fully Sober all my life). Revelation 2:5 “Remember therefore from whence thou art fallen, and repent, and do the first works; or else I will come unto thee quickly, and will remove thy candlestick out of his place, except thou repent.” Ephesians 4:30 “And grieve not the Holy Spirit of God, whereby ye are sealed unto the day of redemption.” A person is only Born Again Saved when Glorified made incorruptible, Salvation is a Gift of God it is God's choice by the Word of God, the person living in full agreement with God his law and truth New Covenant, Pure Hearted upon physical death. Abide in the Vine Covenant, a person either walks Holy sanctified within lawful covenant Will of God or walks outside of God's Will the covenant truth Holy Natural Law of God. Sweden Denmark Germania Danube Julius Caesar Israelite Tribe of Dan (Adonai - Odin , Lok-i Luc-ifer). I am a literal witness that Jesus Christ is Alive with a Glorified body superior to the Holy Angels in Function and Authority; the Glorified Body humanity had before sin the curse of death Decaying bodies. Hebrews 9:27 “And as it is appointed unto men once to die, but after this the judgment:” #Harmony - 7EvanPAC (Pray Nicene Creed say apostolic universal orthodox and Lord's Prayer, catholic just means universal) 999
Hey LA, any plans for a Gen AI video soon? Is the hype actually real? What about impact on jobs, safety, etc. Would appreciate you making a vid! Thanks!
I'm not really familiar with the whole stock exchange but i was wondering if a majority of shareholders want a different direction of the company, that would not necessary mean that that is best thing to do in the long run. How many shareholders really know anything about running a company anyway? Most shareholders are in it for the 💲besides, the companies you named are doing great. Great video though
Dual Class stocks and stock buybacks. Two ideas that were illegal, but 'somehow' became legal.
They are still banned on some exchanges, which is why lots of companies list on certain exchanges or in certain countries, because it lets them do this
Why is stock buyback illegal 🤔
@@tbraghavendran because they can be used to manipulate the stock price
Dual Class stocks aren't really an issue, because investors should know not to buy non-voting shares. And once someone owns a voting share, the company can't just reduce that stock's share of the vote.
As for stock buybacks, they're just a more tax-efficient alternative to dividends. Many investors just reinvest their dividends, but they're taxed upon receiving the dividend and upon selling the share they bought with the dividend. On the other hand, with buybacks, you're only taxed when you sell the share.
Buybacks are the best way for highly profitable companies which don't grow very much, such as Apple, to give profits to investors.
If public companies with quarterly shareholder pleasing incentives were able to compete in the fastmoving tech world you wouldn't have the issue. But they can't. The governance model sucks for anything fast and unpredictable. Imagine Zuckerberg having to ask Blackrock for permission to fire 1/ 3 of web developers and hire 10000 mobile developers when Instagram became popular crushing profits in the process.
I recently learned about this due to Vince McMahon and WWE, how he was able to crawl back into the company after "retiring" last year because of the allegations, despite the board of directors not wanting him back, because at the end of the day he still had higher voting power because of his stock.
Wow
the video production quality has caught up with your story / essay quality. It's great to watch, I'm loooking forward to learning more, and to seeing where you take this channel. Good one Hari and crew, I knew there was something in you
Really appreciate the positive feedback Johnny!
please do some behind the scenes vids, it'll be good to see the crew, and you, behind these videos, especially as the quality has gone up. It's great for people to know the humanity behind it
@@neanda its all AI now, i have seen hundreds of copy cat channels that use AI
@@alejandroramirez-ih7jv this guy isnt ai bru
Dddddd
Zuck isnt even 40, seems like this dude has been around forever. I wonder if this whole metaverse thing is because he is bored with facebook and wants to do something more innovative..
it's part of his effort to diversify the company's "economic MOAT" and products. It failed, of course. They're a lot like Google, they're only really good at data collection.
Likely. He’s also got yes men inflating his sense of self worth. He can do anything! He’s the best! He can make the metaverse and be dictator!
As a founder myself, though not in Silicon Valley, thanks for the info. Need to talk to general council now :)
Hahaha :)
Aswath Damodaran put it best when he said that this is basically the tale of the benevolent dicator. You have no say in the company but you hope that popular person x will be rich and successfull and will let you part take in it.
Yes, I was aware of this issue, though I didn't know it was an issue. However I knew of it under the name of common and preferred stock, common stock receiving dividends right and preferred stock receiving voting rights. Thank you for a wonderful explanation.
This is not the definition of common vs preferred shares. Preferred shares are an in between of equity and a bond.
The good thing about this, is that they can tell the asset management companies like Blackrock, to fuck off if they try to dictate any policies. Those companies have huge power over most corporations and the world in general. The average retail investor doesn’t really care about voting and probably don’t even realise if they’re buying non voting stocks. They just want the greater fool to buy the stocks from them at a higher price someday.
Why don't you be different and buy a voting stock and vote when required ?
@@tbraghavendran Because it will accomplish absolutely nothing. I'd need to be a billionaire, to buy enough stocks to the point where the voting actually influences the company.
It's not bad to want total control over your company. After all, it's yours. Giving investors voting power would be like trying to make a pure form of democracy, that would be chaos. So I don't see anything bad in founders having total power over their companies. If I worked from scratch for decades to build a conglomerate, I will definitely want to be the captain of the ship and will never give over control to people who at the slightest sway of emotions will wreck everything I worked for.
yeah ditto, if youre the boss its good to be the boss, it just sucks for the people who are bank rolling you when you start to make a bunch of stinky decisions and waste everyones money
That makes sense, but there's a solution for that. When you go public, just retain X% control of the company. You don't have to put 100% of the company on the market. Or, if you really want private ownership just keep the company private.
Except you would not have been able to build the company to what it was, if not for the other investors. So I think it's fair that some ownership is sacrificed. It's up to them how much they want to sacrifice. When they sell shares in order to liquidate, this is a decision they made as well. You can hardly expect Bill Gates to still own Microsoft after selling all but 1% of their stock.
That's having your cake an eating it too. They want to sell the company while keeping ownership of the company. These founders have sold the company, they shouldn't get to keep control of something they have sold
@@Optimise247 no they didn’t sell the company. They simply sold part of profits or claims to part of profits and not the ownership - pretty simple
I personally have no problem with this if it was implemented ok.
Like what if, 10x voting power, = one tenth of the profits? You have to give up on your money if you want that control.
Interesting idea
Not good idea. You will abuse power with that for yourself. Example I will make my company win the contract like use my personal catering company etc so the money will transfer to my self. Voting power x10 is already been format before you buy that company so you know what you got before
@@alvinsoehendrywijaya i dont understand what you said but it seems that would happen with any 10x control scheme?
Tbf, warren buffet insisted google to go public despite then wanting to be private
2:19 The "metaverse" was Mark's answer to anti-trust laws after the whistleblower told us everything.
Sacrifice half of your money to save the other half.
Which with introduction of “A.I.” is now a waste of money
@@mkvenner2 contrary to popular belief? You're probably never gonna have a situation where A.I. is a magic tool that replaces everybodies job.
3:07 That. . . .THAT surprises me. . . . . So it really has been them this entire time. . . .
I think we need a video of how shareholders destroy companies too👍🏾
Can't believe people don't know about this. I guess I do because I went to business school. Not only can there be classes of common stock, there's also preferred stock which has better and priority dividends, and other features that make those shares sort of like a bond. But the only problem I see is people not doing their due diligence and knowing what they are buying. Caveat emptor.
Different classes of shares is common in Europe. It’s why I always buy the voting ones when they cost practically the same, like Alphabet A.
Just waiting for that power play for company control to make me a millionaire :)
Hahaha
If you have high enough shares, you control the company without voting power.
@@gold9994 makes no sense
@@TheBooban It actually is intuitive. It has everything to do with stock price.
When “they say the rich get richer” this is what they mean. Gaming the system to horde wealth.
Start your own company and issue whatever shares you want, no one is stopping you.
another great video. i learned this with an investment in a small local company, you just assume that investing money means you have a say in the strategic direction a company takes, but no. with mine i have 1 vote per share, but the founders have like thousands of votes, which means i may as well have no vote at all. glad i learned that lesson with an early investment that wont make or break me, and glad youre warning other people to watch out for this practice
Hello, could you make a coverage on tech companies and their control over educational sectors
Ah, thanks for the suggestion Anemo! That is quite an interesting topic
New subscriber here and I've watched 12 straight videos so far I just want to say thank you for the quality content. 👌
Lol Elon Musk being shown as a founder CEO
Musk didn't found SHIT.
so what
The editing in this video is top-notch.
i always learn something from your vids. tyvm
Great explanation. Wouldn’t necessarily stop me investing in one of these companies, but I’d need to take a serious look at the people with the controlling stock. Oddly enough, I’d probably avoid metaless Meta.
What about really good founder run companies like the Rochschilds and the makers of coca colla? What about Ferrari ane most designer brands? What about the hundreds of companies that faded into obscurity despite not being founder run rather because of the incompetence of the board? The problem isn't founders or boards. The problem is ability. One man can more brain power than a team of people and the other way around is also true. My point is that there is no correlation or relation behind who runs a company or not
This is so underrated
Wow, I enjoy your videos. Should do one who owns metatrader and it's role in markets
I didn't know the extent of this, excellent video
Your presentation keeps getting better
Wow didn't even know this was possible. Thanks
Ownership percentage of a company should be calculated based on votes not numbers of units when units have different voting power :P
They have become totally deceived. And they will have to pay for it.
"Modern founders"..
HOW MANY startups had so much leverage upto IPO, such that they could issue separate classes of shares and still have investors throwing money at them?
Basically only the companies you mention...
The other 1,000,000+ startup founders don't have this leverage...
Hey i have a request, can you make a video about agribusiness and its future? Please
Thanks for the suggestion man
@@LogicallyAnswered it's little selfish request 😂 but anyways welcome !
Your content is very good, you're a good youtuber 🗿👍
I think the problem is availability . You can create a type of stock that doesn't need to be in the market. Lets say you want to sell 30% of your company. Here you can have only those stocks that doesn't have any voting rights. If it was like you need to sell 30% of A, 30% of B and 30% of C then there would not be any issues.
“Power resides where men believe it resides. It's a trick. A shadow on the wall. And a very small man can cast a very large shadow.”
Thanks for making a really boring topic interesting. Nice work.
Great video, thank you 😊
I would have Much Preferred to Have the Real Culprits as Subjects for Mediatic Lapidation..
But Denying So Much Reality for a Wrongful Idea of Personal Gain...
Is really Threatening ..
Cool video dude :]
Logically Answered, I don't agree with your portrayal of dual class stocks as a morally dubious thing. You do an IPO at a stock exchange to get money and public recognition as a company. But it is also extremely threatening to your business and your employees alike because your shareholders can sue you if you don't become a sociopath hell bent on maximizing revenue at the expense of both consumers and your staff. You also risk losing control of your company as a whole if some corporate raider can persuade your shareholders that he can do a better job than you and buys them out.
So it's only logical to protect yourself and your life's work in some capacity against raiders and public pressure. If people won't like what you're doing they can still sell their stock or try to manipulate public opinion so it causes a massive run on the value of your company. Not a big deal. If Zucc flops on his big metaverse dick, then Facebook as a whole will be punished for misinvestment anyway.
That being said, things like stock buyback should obviously be illegal. Profits should be distributed primarily to employees and not used to reward shareholders. Their reward is the price of the stock itself and the ability to trade it.
What you said mostly made sense until the last paragraph. Saying the employees should get profits and not the shareholders, doesn't make any sense at all. The employees get paid wages, which is taken from revenue. The profits are given to shareholders afterwards, as dividends. That's the whole point of them investing in the first place. Without dividends being distributed, it all just becomes a big ponzi scheme. It mostly has become that, but it's definitely not something to promote. We might as well be throwing money into a bucket and hoping someone else throws more in for us.
Because money!
Alphabet Inc is the name behind BLACKROCK
This shows how evil is whole system
Manchester United has this issue
Also, Steve Jobs wasn't fired or forced out.
Elitist Extortion 101 🏦
Likes and comments are always good for the Algorithm.
How IP Thieves Became Tyrants.
Well in case of Elon I think it’s more likely he didn’t know about different classes of stock.
Actually Jeff Bezos' main criticism is that he is too loyal to shareholders than common ethics😂😂
Good video
Thank you Erik!
So much for democracy...
The NYSE is not "Neye-zee" ... the real wall street people just say it as "N" "Y" "S" "E".
LETS GOOOOOOOOOOOOO
people are throwing money at meme cryptocurrencies and magic gifs of monkeys, i think we're over the issue of multiple-class shares. anyway, at least a lot of expensive lawyers on both sides argued over this crap for a very long time to make these sorts of agreements, rather than a marketer hiring a celebrity to tell a bunch of lies in a superbowl commercial to sell a modern ponzi scheme.
Facebook needs a new CEO
Elon Musk did not found anything
Hoping my comments gets this video more views
For the algorithm :)
First to like😮😮😮
WTF
I like how you compare it to half of trumps approval rating, trying to act like Biden doesn’t have the worst approval rating hahah
True hahaha
It’s not that deep bruh
FYI, NYSE is pronounced N Y S E
1st
Thanks for being early Macks!
u werent lmao
@@tohgaming69 at least he tried. Let's give him a participation medal
Mandate of Heaven: To be Counted Righteous always meant to reject Evil absolutely never allowed to justify evil crime lawlessness in heart thus when being made aware of Law (Truth) thus taking God at his word (God's word (law) made flesh: Jesus Christ replacement of First Man & the Lord of Heaven in the Flesh the literal Body of God) hence obedience and sacrifice the test of the heart (In full legal agreement with/Listening to God). The Heart is what has always been judged (pure) as good or evil. (Once learned made aware of Law, All People held to account judged by Law known/Israel.) El-Elyon (Most High), Ahura Mazda "Wise Lord" (Persia) Zoroastrianism, Egyptian Book of the Dead, Ancient China Temple of Heaven (Shang-Di), Xiongnu Mongols (Tengri), (Egypt) Ancient of Days, all prime cultures prove the only first religion and priesthood of humanity the Melchizedek Priesthood Jesus Christ (completed) fulfilled forever as the living High Priest of the Promised Virgin Birth Covenant: Christianity is the fulfilled Melchizedek Priesthood through Jesus Christ the only promised savior redeemer who fulfilled the law and prophets and his Orthodox Church (All Holy Trinity Church Branches of correct doctrine is counted as Orthodox) is the only Functioning prophetic Holy Spirit Lead Priesthood of the 12 Tribes of Israel. Children, Free Will, & The Tower of Babel cultural language divide delays Jesus Christ's reign as when he claims throne he is immediately responsible for judging all both living and dead. All ancients knew of the promised resurrection of the Dead (Reincarnation), virgin birth, and Judgement Day of the Righteous and Wicked souls; To be perfect is to be complete according to set standard, mathematical law of absolutes good vs evil. The true opposite of love is unholy selfishness, the epitome of pride is self-righteousness (unmerited value/unlawfully agreed). People confuse pride with its righteous opposite which is Glory/Honor all ancients sought. Good is that of Truth/Holy Lawful Order, & Justice. Evil is that of Lies, unlawful disorder, chaos. Clean vs Unclean, Holy Lawful Hate vs Unholy Criminal Hate. Jesus Christ is the Law and the Test of Faith & Heart concerning righteousness and ritual purity (Ritual Purification) "Sanctification" that which is Holy; whereby Jesus Christ (The Lamb of God) the word of God in the flesh is the standard of measure how a person is judged as good or evil based on their choice to receive God's payment blood covering sacrifice through Jesus Christ's Perfect Lawful Life. Faith=Trust. (KJV Bible for English) (Romans Ch.10) (Eternal Life) If you confess with the mouth the Lord Jesus, and shalt believe in thine heart that the creator (supreme spirit) Lord of Heaven hath raised him from the dead, thou shalt be saved.” Jesus Christ the only worthy Emperor King of Kings Alpha Omega of Humanity has the authority and dominion of the first man and is the Eldest of the Human Race (Virgin Birth promised by Creator before Cain & Able) and First Born resurrected unto Glorification from the Dead. Israel is the church body of Christ Family of God; all people of any nation of the world that choose Righteousness, Honor, & Glory are citizens of Israel the Most High Lord of Heaven's Kingdom. Peace = Jesus Christ the only begotten son of God born from a virgin with no corruption from Adam's Seed. Islam is Satans Counterfeit of The 12 Tribes of Israel. Most people in world (All Ethnicities) including Arabs that identify as muslims are actually Israelites by Blood (All saved by Blood of Messiah Jesus Christ counted as Israelites co-heirs by Blood of Jesus Christ). #Zoroastrianism proves virgin birth (3 Wise Men Kings from East). Confess & Repent of Evil Crime lawlessness by Jesus Christ to Heavenly Father Creator of Life! (stop doing crime and ask for forgiveness for all evil done, can only confess and repent because of Jesus Christ) ✓Share with everyone, Diyu Shiwang Earth Prison Hell Ionic covalent bonding law water/air the spirit is a Gas given state of matter, God is light there is no darkness in him, spirit mini light star fuel fodder if trapped bonded to the Lake of Fire Earth's core Domain of all impure dead, Man was given dominion and made of earth so the wicked withered unsealed souls are pyre for the Earths domains fire. (Psalm 88 Bottomless Pit) Every action has equal opposite reaction one reaps what they sow by covenant. As with the Israelites the Living God sent Holy Angels to cultures such as the Native Americans giving them a form of the Gift of Tongues (prayer language whereby the Blood of Jesus Christ by word law promise of God virgin birth covenant was invoked for healing etc. binding and sealing evil spirits). Many Native Americans are mixed with Israelite Tribes of Asher, Gad, and Nephtali. There were pure hearted people and evil "witch" magicians and false prophets using evil spirits (all ghosts are demons unlawful spirit creatures from Fallen Angels/humans having unnatural sex with animals) among the Native Americans as with all groups that were sent the law and real prophets of God. Zoroastrianism is named after Zarathustra/Zoroaster a Prophet of the Living God whereby that "religion" is actually fully tied too thus derived from the Melchizedek Covenant. The Emperors of Ancient China acted as High Priest for the Kingdom people and land sacrificing a lamb at the Temple of Heaven to the Lord of Heaven just the same as the Israelites were instructed. Read Acts 2:17 KJV. I am a jew by blood and orthodox christian and one of the Prophets appointed unto this Generation. I am a literal witness that Jesus Christ is Alive! I have seen and spoken to Angels and Demons, Astral Projection out of body experiences, I have heard the audible voice of the Living Eternal Creator Father God as with all the Prophets before me (Fully Sober all my life). Revelation 2:5
“Remember therefore from whence thou art fallen, and repent, and do the first works; or else I will come unto thee quickly, and will remove thy candlestick out of his place, except thou repent.” Ephesians 4:30
“And grieve not the Holy Spirit of God, whereby ye are sealed unto the day of redemption.” A person is only Born Again Saved when Glorified made incorruptible, Salvation is a Gift of God it is God's choice by the Word of God, the person living in full agreement with God his law and truth New Covenant, Pure Hearted upon physical death. Abide in the Vine Covenant, a person either walks Holy sanctified within lawful covenant Will of God or walks outside of God's Will the covenant truth Holy Natural Law of God. Sweden Denmark Germania Danube Julius Caesar Israelite Tribe of Dan (Adonai - Odin , Lok-i Luc-ifer). I am a literal witness that Jesus Christ is Alive with a Glorified body superior to the Holy Angels in Function and Authority; the Glorified Body humanity had before sin the curse of death Decaying bodies. Hebrews 9:27
“And as it is appointed unto men once to die, but after this the judgment:” #Harmony - 7EvanPAC (Pray Nicene Creed say apostolic universal orthodox and Lord's Prayer, catholic just means universal) 999
Thanks for the breakdown!! I truly appreciate that in understanding basic economics and stocks!!!
Of course Daniel
this is a problem as old as time, if only riches weren't so promising
How venture capitalists would agree with founder's on this issue??
This video not only been educational but gave more phenomenal knowledge how founders can protect themselves from predatory corporate radarse
Yeah they grow obsessed with what they created and become too emotionally invested in their creations!!! A great recipe of disaster!!
Having a lot of power without much personal risk/accountability is a recipe for bad decisions. Like gambling with someone else’s money.
Hey LA, any plans for a Gen AI video soon? Is the hype actually real? What about impact on jobs, safety, etc. Would appreciate you making a vid! Thanks!
It’s a pretty well covered topic, so kinda hesitant but maybe
Wow very good to know! Thanks for informing me as always!!
Family Man my butt. Jobs told his wife to abort his girl and cut her out of his will. He was a great leader but a horrible horrible human being.
12:29 and 12:54 don't rhyme very well
I have a crazy idea....how about you make a video on this company called 'duolingo' 😅 since no one has made a video yet on their business model
Wow. There had to be a catch. With the wider public diving into stock there had to be a way they are shafted.
Do no evil Google. Well well well.
I honestly had no idea about this. Thanks for making this video
Good video man
For all the One Piece fans:
doesn’t this sound like Imu-Sama?
The celestial dragons and the one piece world are a dictatorized company.
this sounds an awful lot like “stakeholder capitalism”
❤❤❤❤ nice content ❤❤❤ world-class videography editting ❤❤❤❤❤❤
Incredibly detailed and important video!! would love to see more videos on how the stock market works and other similar topics in the tech industry
damn the animation are so smooth
As usual, should've read the fine print...
Thought it was common knowledge : o.
Awesome! I did not know that.
Feudalism 2: Corporate boogaloo
First :P
Thanks for being early Invis!
I'm not really familiar with the whole stock exchange but i was wondering if a majority of shareholders want a different direction of the company, that would not necessary mean that that is best thing to do in the long run. How many shareholders really know anything about running a company anyway? Most shareholders are in it for the 💲besides, the companies you named are doing great. Great video though