When Snap goes public, some shareholders’ voting rights may disappear

Steven Davidoff Solomon writes for The New York Times, Jan. 24, 2017

Snap is apparently going to make sure that the public has no vote and hence never the opportunity to have a say in the company’s governance. While public shareholders will be totally disenfranchised, Mr. Spiegel and Mr. Murphy are reportedly going to have 70 percent of the total vote despite owning only 40 percent of Snap.