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>It's not like Twitter, or any other media companies, were owned by poor people until now To an extent they were because they're a public company. A public com
by Barrin92 5y ago
>It's not like Twitter, or any other media companies, were owned by poor people until now
To an extent they were because they're a public company. A public company is accountable to its shareholders which in principle is open to everyone (generally represented by institutional investors in practice), whereas a private company is, in this case, only answering to one person, and only really serving one person.
That basic democratic aspect of American capitalism where everyone can take a stake in the economy is undermined when people withdraw from public markets altogether. It looks more like another gilded age.