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The market now measures performance regardless of ownership. Just because they retain a huge percentage of shares, or controlling interest, doesn't mean they'll
by wintogreen74 3y ago
The 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 3y 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 3y agoFacebook is, even now, entirely beholden to Mark Zuckerberg's willingness to accept falls in share price. He cannot be removed.