[superfrank]

If you want to see some messed up voting rights, look at Palantir.

It's super complicated and I'm glazing over a lot of the details, but my understanding is that the founders have "founder's shares" and no matter how many of these they have, whether it be one or one million, these shares control 49.9999% of the votes. They are allowed to designate which of their shares are and are not "founder's shares" and alter this pretty much on a whim.

Because it's so complicated, and because the amount of common shares changes depending on how many shares are designated as "founder's shares", they also don't ever have to tell people how much voting power common shares have, even as a vote is happening.

It's actually funny reading all the legalese that just boils down to, "we're can do whatever we want".

https://techcrunch.com/2020/09/21/palantir-is-not-a-democrac...