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simondotau | karma 3968 | avg karma 2.04 · 2021-05-05 03:07:32

When it comes to fractional shares as a consumer-facing product, I imagine it would be effectively a non-voting share, yes.

However the vote could be exercised by whatever entity actually owns the whole share. That would be entirely a decision for the people who chose to divide up the resource. Presumably BH will only accept a single binary vote per share, so it would be up to the owners of the fractional share to agree (or not).

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eru | karma 30335 | avg karma 1.29 · 2021-05-05 03:45:03

You are right that fractional shares typically don't come with voting rights.

But: if there was demand, Robinhood could totally offer fractional shares with voting rights.

For each vote, there's typically only a finite number of possibilities.

So Robinhood could just pool the voting intentions for everyone with factional shares, and then vote the whole shares accordingly.

(To be really nice, Robinhood would just own a small handful of extra shares, so that they can round up those pooled votes to full integers.)

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