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In one respect, the men are going further than tech firms typically do: Investors won't get any voting power with shares purchased in Snap's IPO, WSJ reports.
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That leaves key decisions, such as the makeup of the board, primarily to Evan Spiegel and Bobby Murphy. The two are expected to hold more than 70% of the voting power despite owning roughly 45% of the company's stock.
haha
Submitted January 16, 2017 at 02:14PM by freecashflows http://ift.tt/2iuLgeR
