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In the video, the concept of company ownership is explained by comparing it to sharing a pizza. When two people split a pizza, they each receive one half, effectively creating two equal shares. This example extends to any number of participants, as with four people dividing a pizza into four shares, or eight into eight shares, where each person receives one share. Similarly, in a company, shareholders divide their control over the company into shares. Thus, shareholders can be seen as the owners of the company, as they each hold a portion of control analogous to sharing ownership of a pizza.