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This outcome is expected to result from the "automatic conversion" provision in Pinterest's capital structure that automatically converts high-voting shares into low voting shares upon their sale.
Last month, the company said it asked regulators for permission to convert its non-voting shares in Time Warner into voting shares sooner than February 2007.
As before, there are two classes of stock for both companies: Class A non-voting shares and the closely held Class B voting shares.
Google introduced a third class of non-voting shares despite the fact that its three bosses, Eric Schmidt, Sergey Brin and Larry Page owned 60% of voting shares.
(3 Class of voting shares.
He controls about 10% of the voting shares.
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There are non-voting shares, but usually they all vote.
Thanks to these super-voting shares, VW has 35.3% of the votes in Scania.
In return, the companies reward the Wallenbergs with multiple-voting shares and board seats.
Their foundations own super-voting shares in Investor, a quoted investment company that they control.
It is a family-run public company, controlled by means of super-voting shares.
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