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Facebook is a publicly traded company, with a duty to its shareholders to m̶a̶x̶i̶m̶i̶z̶e̶ ̶i̶t̶s̶ ̶p̶r̶o̶f̶i̶t̶s̶serve their best interests. If Zuck decided to
by benatkin 9y ago
Facebook is a publicly traded company, with a duty to its shareholders to m̶a̶x̶i̶m̶i̶z̶e̶ ̶i̶t̶s̶ ̶p̶r̶o̶f̶i̶t̶s̶serve their best interests. If Zuck decided to he probably would get thrown out.
- ForHackernews 9y agoHe can't be thrown out. Facebook issues special classes of share so that Zuckerberg can never lose control of the company. https://www.economist.com/news/business/21729813-multiple-class-share-structures-are-controversial-are-probably-here-stay-facebook-and https://www.economist.com/news/business/21729813-multiple-cl...
- drb91 9y agoWhat crap. First, Zuck owns the company. Second, you didn’t actually point out how multiple forms of income don’t serve shareholder interests. People like ads because they get rich without having to make a product people will spend cash on. It’s so much easier to milk views on existing content rather than convince people to pay for, well, anything. Zuck is a leech on capitalism’s neck.