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In the video, the concept of a shareholder as an owner of a company is explored. It begins with a simple analogy of sharing a pizza, where each participant receives an equal portion, illustrating the idea of dividing ownership into shares. For instance, if two people share a pizza, they each get one share; if four people share, they each receive one share of four. This analogy extends to company shares, where rather than pizza, shareholders divide their control and ownership of the company among themselves. The video sets the stage to further discuss the implications and functioning of shares within the corporate structure.