3 ms·
> I’d love to own stock in them but i’m happier to have them stay private and not beholden to anyone else’s interests. Stay private = only accredited investors
by smooth_remmy 6y ago
> I’d love to own stock in them but i’m happier to have them stay private and not beholden to anyone else’s interests.
Stay private = only accredited investors (millionaires) can invest in them
Public companies = everyone can invest in them, including children, the poor, public pensions, etc.
Why would you want them to stay private and have only wealthy investors? You expect a company that has investors that are 100% from the upper class to act ethically? How many POC are wealthy enough to be accredited investors?