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So Google pulled out of China, and their shareholders didn't sue them (that I could find. Though even if they did, apparently it didn't cause them to go back in
by habitue 7y ago
So Google pulled out of China, and their shareholders didn't sue them (that I could find. Though even if they did, apparently it didn't cause them to go back into China). The shareholders did sue them to halt their plans for a censored Chinese search engine (which failed, but they tried).
Yes, a company has a fiduciary duty to shareholders, but there are lots of ways to fulfill that duty. There's no requirement that they expand into China. Many companies don't and it's fine
- chongli 7y agoThe point is that Google entered the Chinese market like everyone else. When they pulled out the writing was on the wall anyway: China was rigging the game in favour of Baidu. This isn’t the case so much for the NBA or Apple. The NBA has no equivalent and Apple has all of their manufacturing in China. Both stand to lose far more money by exiting the Chinese market than Google ever did.
- swebs 7y ago>Though even if they did, apparently it didn't cause them to go back into China https://en.wikipedia.org/wiki/Dragonfly_(search_engine) https://en.wikipedia.org/wiki/Dragonfly_(search_engine)
- habitue 7y agoRight, sorry, so Dragonfly is the thing the shareholders sued to stop. I assumed that was not the result of shareholders suing them to go into china