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The man who killed Google Search?

(www.wheresyoured.at)
1884 points elorant | 1 comments | 23 Apr 24 16:43 UTC | HN request time: 0.226s | source
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gnicholas ◴[23 Apr 24 19:01 UTC] No.40135817[source]▶
> Larry Page and Sergey Brin left Google in December 2019 (the same year as the Code Yellow fiasco), and while they remain as controlling shareholders, they clearly don’t give a shit about what “Google” means anymore.

Is he saying that the two of them together hold enough voting shares to completely control Google? Or is he using the phrase "controlling shareholders" in a different way?

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bitvoid ◴[23 Apr 24 19:14 UTC] No.40135977[source]▶
IIRC, they combined have about 51% voting shares
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1. gnicholas ◴[23 Apr 24 19:31 UTC] No.40136184[source]▶
Ah, looks like this is correct, at least as of 2022:

> Even though such classes of shares were unusual in the tech industry, Brin and Page decided to copy the structure. In the case of Google (now Alphabet), A shares carry one vote, while B shares each carry 10 votes. Brin and Page between them own 51 percent of those B shares, giving them joint control of the company, even though they own less than 12 percent of its total shares.

1: https://www.inc.com/minda-zetlin/warren-buffett-google-serge...