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Every person gets to vote by holding or not holding shares. A massive amount of people have voted against Zuckerberg and metaverse by dumping stock
by anm89 4y ago
Every person gets to vote by holding or not holding shares. A massive amount of people have voted against Zuckerberg and metaverse by dumping stock
- smt88 4y agoNo amount of stock selloff can get Zuckerberg fired. He has absolute control over the company.
- ksec 4y agoA few days ago I asked this exact same question. And I have been told by HN comments that in the US he would still be sued even if the shareholders have non-voting rights and Zukerberg has absolute control of the company.
- smt88 4y agoYes, but those lawsuits are rare and require them to show malfeasance of some kind. They can't sue him for being stupid.
- anm89 4y agoRight. But why do I care if I have no involvement with the company? Let's of people have majority voting rights in lots of companies. This fact doesn't seem to matter to anyone in any other scenario.