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So if @Jack solely owned twitter it would be ok? I don't see how being on the NYSE makes the morals any different. If anything having a board of directors and s
by ProcNetDev 6y ago
So if @Jack solely owned twitter it would be ok? I don't see how being on the NYSE makes the morals any different. If anything having a board of directors and shareholders makes TWTR more democratic not less.
- brandonmenc 6y ago> So if @Jack solely owned twitter it would be ok? This is a nonsense hypothetical. Without limited liability, Twitter would not exist in its current form or size.
- swixi 6y agoWhat does limited liability have to do with a corporation being owned by one person? I assume this poster is questioning the "giant corporation" part. Maybe you meant to say "any corporation"?
- brandonmenc 6y ago> Maybe you meant to say "any corporation"? Correct. I also mistakenly thought the cake baker was a sole proprietor. They are incorporated. I should have done a simple search before posting my original comment. That said, I now mostly agree with the comment I was originally replying to. > What does limited liability have to do with a corporation being owned by one person? Correct, nothing. To clarify: My position is that an entity enjoying limited liability (which in the US includes an LLC or corporation owned by a single person) has exchanged "rights" for indemnity and therefore can be compelled to - for example - bake a cake or not censor content hosted on their servers, but that a sole proprietor can do whatever they want re: refusing service or moderating content.