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Second-Class Investor Citizens: Facebook’s IPO and Dual-Class Equity Structures

Gust

This is nothing new; long favored by family-controlled media empires such as Rupert Murdoch’s News Corporation , among Internet firms alone, Google took a dual-class approach when going public in 2004.

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Google’s crusade against short-termism

The Equity Kicker

Throughout our evolution, from privately held start-up to large, publicly listed company, we have managed Google for the long term — enjoying tremendous success as a result, especially since our IPO in 2004. I wanted to quote all that because these were the clear, well-publicized expectations we established for investors in 2004.

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Fixing Tech – A Manifesto from a Raving Capitalist

Start Up Blog

era emerged circa 2004, it really did feel like we’d discovered some kind of utopia. But this didn’t stop the Government having the courage back then to take it and put the industry in public hands. It is important governments don’t simply provide healthcare, education, defence and the like. But when the web 2.0