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> he’s still legally beholden to investors Unless you have seen the contracts signed you can't know that. Xitter is no longer a public company and as a private
by chx 2y ago
> he’s still legally beholden to investors
Unless you have seen the contracts signed you can't know that. Xitter is no longer a public company and as a private company has absolutely no such requirement.
While Burwell v. Hobby Lobby might be controversial it is still remarkable coming from such a high court to include this:
> While it is certainly true that a central objective of for-profit corporations is to make money, modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not do so.
- exe34 2y ago> Unless you have seen the contracts signed you can't know that that's right, this is in fact a clever 4d chess move by Elon, who totally doesn't behave like a crack-addled loser, and he clearly won this round!
- pessimizer 2y agoYou sound like the worst of twitter, here.
- skybrian 2y agoI think that quote is common sense, or should be. It’s only news for people who subscribe to certain myths widely circulated on social media about what for-profit companies are legally required to do.
- vuln 2y ago> Unless you have seen the contracts signed you can't know that. Xitter is no longer a public company and as a private company has absolutely no such requirement. Have you seen the contracts? How do you know there is _absolutely no such requirement_? Perhaps it’s not standard but private investment is private.