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> two which are owned by two American billionaires Meta is owned by public investors (plenty of whom are in the EU), nobody has a majority stake.
by whimsicalism 3y ago
> two which are owned by two American billionaires
Meta is owned by public investors (plenty of whom are in the EU), nobody has a majority stake.
- blitzar 3y agoWhile Zuckerberg owns just 13 percent of Meta's stock, he controls 61.1 percent of the vote because of the company's voting structure.
- whimsicalism 3y agoHuh - TIL. Those sort of arrangements should be illegal imo
- Sunspark 3y agoWhy? It was his company to begin with. Nobody forced anyone to buy the stock. Everyone buying the stock willingly accepts that Zuck is the King of Facebook.
- whimsicalism 3y agoWe should have more stringent laws regarding the form of corporate governance. When ownership stakes are sold with profit stakes, it creates more sustainable enterprise with aligned values.