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I'm not sure such split would require sub-companies to be public, they could likely be private, owned by a single publicly traded US company. Tech companies alr
by mixedbit 5y ago
I'm not sure such split would require sub-companies to be public, they could likely be private, owned by a single publicly traded US company. Tech companies already have many subsidiaries in countries that they have offices in, for example employees in European countries are not employed by a US company, but a subsidiary which is not publicly traded.
- sfifs 5y agoThey already have EU subsidiaries. The problem seems to be that US laws seem to be able to compel US based parent companies to hand over data from their overseas subsidiaries. If you make it a EU based public company and give control to your own shareholders, it's no longer a subsidiary and your shareholders are holding shares in a European company.