What's the difference between class a Google stock and class c Google stock?
2/29/2024 02:10pm
The difference between Class A Google stock (GOOGL) and Class C Google stock (GOOG) lies in their voting rights and the level of control they provide to shareholders. Here are the key differences:1. Voting Rights: Class A shares (GOOGL) come with voting rights, allowing shareholders to participate in company matters. Class C shares (GOOG), on the other hand, have no voting rights.2. Control and Founders' Intent: The creation of Class C shares was primarily aimed at preserving the majority control of Alphabet's founders, Larry Page and Sergey Brin. By giving up some voting rights, they could maintain their control over the company while benefiting from public-market liquidity.3. Shareholder Structure: Class A shares are held by investors who also have voting rights, while Class C shares are held by employees and some Class A stockholders who do not have voting rights.In summary, Class A Google stock (GOOGL) offers voting rights and control, while Class C Google stock (GOOG) lacks voting rights and provides a different ownership structure with no control.