> Notable that these types of structures are no longer allowed, companies like Facebook, Google and Berkshire (no super-majority here) got grandfathered in.
Could you maybe elaborate on that? I have never heard about this before, what exactly isn't possible these days?
Am I misremembering? I vividly recall finding information with regards to this type of structure not being allowed (unsure if regulatory or stock exchange level) with these examples (Mark's majority, Page+Brin's majority, BRK A shares) last time I came across this, but now I come up empty-handed. So I'm unsure and don't have much time to dig in, maybe someone more knowledgeable comes by. Feels bad that I can't edit in a disclaimer to my previous comment, I don't want to parrot misinformation.
Could you maybe elaborate on that? I have never heard about this before, what exactly isn't possible these days?