4 ms·
> they are privately owned and as such can make whatever deals they like. Not really. 1) Meta is publicly traded, and has a duty to shareholders. 2) Antitrus
by HWR_14 4y ago
> they are privately owned and as such can make whatever deals they like.
Not really.
1) Meta is publicly traded, and has a duty to shareholders.
2) Antitrust laws limit what can Meta can do.
3) Paying individual executives to take action against Meta's interest is a crime.
4) A deal that involves Meta breaching contractual obligations with other parties or otherwise committing torts (e.g. libel) is also actionable.
There are more exceptions, but that should be enough.
- deworms 4y agoPublicly traded does not mean the same thing as being a public institution.
- ganbatekudasai 4y agoObjection: Irrelevant.
- scythe 4y agoPublicly traded means fiduciary duty.
- worker767424 4y agoSo they're obligated to accept bribes if they're in shareholders' best interest?