Comment Re:such yield, very profit (Score 1) 94
I've always been fascinated at the high valuation of non-voting, non-dividend-paying shares.
You can make money on the stock in more ways than dividends. For example, Alphabet is also buying back stock. People who invested at a lower stock price and now sell back at the higher have made money. Normally, buybacks tend to concentrate control of a company into fewer hands, but, since these are already non-voting stock, in this case, it doesn't change this.