6 ms·
What I don't necessarily get is that from interviews with the founders they are suggesting that they think companies will list on multiple exchanges, including
by tempsy 7y ago
What I don't necessarily get is that from interviews with the founders they are suggesting that they think companies will list on multiple exchanges, including LTSE.
How would that work? If you list on a traditional exchange, then the problem is not solved since they still are going to be reporting quarterly and the speed of price discovery will stay the same as it is today. Wouldn't the price on that exchange inform the price on LTSE? How would that change anything?
- curiouscats 7y agoDifferent classes of stock with different voting privileges could at least prevent some abuses by speculators that buy up shares and seek to force through actions that benefit speculators but harm all the other stakeholders (long term investors, customers, employees...). There are certainly questions about if a long term exchange can make a difference. But it seems to me possible that it could. It does seem to me the voting rights on the shares would have to be different for it to have much of an affect. It seems to me it makes sense to have voting rights largely vest with those interested in the long term success of the company.
- tempsy 7y agoThat doesn’t really address the main thesis behind LTSE - the idea that public companies are too focused on the short term due to quarterly reporting requirements. It just seems like if you list on multiple exchanges then you’re still beholden to short term thinking created by quarterly reporting unless you choose to list exclusively on LTSE.