Snapchat Pretends Even Less to Care About Stockholders

Parent company Snap Inc. became the latest in a growing number of companies to ditch a yearly in-person meeting with shareholders and instead conduct an annual stockholder “meeting” over the internet. The company took the unprecedented step of selling shares with zero voting rights in its initial public offering last year, and everyone who bought one knew what they were getting and giving up. It’s true that annual stockholder meetings are largely pointless routines.