> What does it mean if a stock is loweringclass A shares and increasing class c shares?

What does it mean if a stock is loweringclass A shares and increasing class c shares?

Posted at: 2014-12-05 
I just received a proxy and voted and was wondering how my class A shares can just disappear over to the class C. doesn't sound fair. Zynga is pissing me off.

If you're referring to Zynga, read the prospectus. All they are doing is changing the authorized number of common shares between 2 classes. It has no effect on existing shareholders

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I just received a proxy and voted and was wondering how my class A shares can just disappear over to the class C. doesn't sound fair. Zynga is pissing me off.