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Reply to "anyone buy snapchat shares today?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Shares do not have any voting rights. [/quote] haha, which matters so much to individual investors. were you going to influence their proxy with your 0.001% ownership?[/quote] Yes, it matters because institutional investors who couldn't otherwise influence things won't have that power and won't be able to effectuate change that would also benefit retail investors.[/quote] No institutions are buying SNAP to influence the company through the proxy. Most shareholder proxy proposals are complete crap, and proxy activists destroy value for shareholders ... especially in fast growing tech companies. [/quote] If they are crap proposals, they will get voted down by the mutual funds and institutions that are record owners. No voting rights, besides shareholder proposals, means a board and management that is unaccountable. [/quote]
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