Non-Voting & Diluted Voting Stock: A Disturbing Trend With Wall Street & New IPOs

Snapchat (SNAP) took things to the extreme this year when its IPO offered retail investors *zero* voting rights. Other companies like Facebook, Under Armour, Google, Alibaba and NewsCorp also have ownership structures that essentially give public investors no say in business decisions. It seems that more and more, public investors are disrespected by big companies that want it both ways. They want to enrich their insiders without giving up any control. Is the idea of shareholder democracy dead? What can be done to fight this trend?