39 ms·
And the market is free to consider this an unwise investment and tank the stock. ¯\_(ツ)_/¯ Also, since FB is a publicly traded company, it's not actually "his
by mpweiher 4y ago
And the market is free to consider this an unwise investment and tank the stock. ¯\_(ツ)_/¯
Also, since FB is a publicly traded company, it's not actually "his money". It's the shareholders' money (of which he is but one), and thus he has a fiduciary duty to act in the best interest of those shareholders.
https://www.law.cornell.edu/wex/fiduciary_duty https://www.law.cornell.edu/wex/fiduciary_duty
- koyanisqatsi 4y agoHe has controlling shares so he is acting in the best interest of the shareholders which is mainly himself.