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That's really only an issue if enough of the shareholders decide to sue or you're straight up abusing your position (i.e. embezzling). Otherwise, you can alway
by ByteJockey 5y ago
That's really only an issue if enough of the shareholders decide to sue or you're straight up abusing your position (i.e. embezzling).
Otherwise, you can always make some stuff up about it being a long-term strategy. But, fundamentally, making a bad call isn't a violation of fiduciary duty (unless there's documents saying you know it will tank beforehand and you do it anyway).
- skissane 5y agoThat would also be an issue for the SEC, not the FTC.
- ByteJockey 5y agoA fair point. I'm not sure how the FTC would be involved here. My understanding is that the exchange between twitter and most of its users doesn't rise to the legal designation of "trade" (excluding twitter blue users, of course), unless the OP meant the FTC would get involved between Twitter and their advertisers.