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> The problem with going public is that performance is now measured quarterly. Depends on ownership. When the insiders still own 80% (or control that much thro
by Scoundreller 4y ago
> The problem with going public is that performance is now measured quarterly.
Depends on ownership. When the insiders still own 80% (or control that much through super-voting shares), the minority shareholders’ interests (often but not always short-term) may still be ignored.
- wintogreen74 4y agoThe market now measures performance regardless of ownership. Just because they retain a huge percentage of shares, or controlling interest, doesn't mean they'll accept massive declines in market value.
- mattmaroon 4y agoIt means they can though. The tech world is full of examples of companies keeping their focus long-term due to dual class structure and/or founders retaining large stakes despite the vagaries of the market. But, nothing lasts forever. Eventually the founders sell, the shares get converted to common, etc.
- selectodude 4y agoFacebook is, even now, entirely beholden to Mark Zuckerberg's willingness to accept falls in share price. He cannot be removed.