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Lyft Going Public: The Dual-Class Share Dilemma

Traditionally, taking a company public involved a trade-off: on the one hand, selling shares in your company could mean bringing in a ton of money; on the other hand, you had to give up some of your power to shareholders. And then tech CEOs started using a trick to make sure they could raise money and keep a lot of the power for themselves: dual-class stock.

Music: "Morning Start".

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Stacey Vanek Smith is the co-host of NPR's The Indicator from Planet Money, and is a correspondent for Planet Money.
Paddy Hirsch