3 ms·
> Their preference to shut down instead of receiving tens of billions of dollars would be a clear violation of a company’s fiduciary duty to shareholders for an
by jeff4f5da2 2y ago
> Their preference to shut down instead of receiving tens of billions of dollars would be a clear violation of a company’s fiduciary duty to shareholders for any normal company.
It is not. A company would be (financially) punished if it didn't follow regulations. DiDi was an example.
https://edition.cnn.com/2022/05/23/investing/didi-us-delisting-wall-street-intl-hnk/index.html https://edition.cnn.com/2022/05/23/investing/didi-us-delisti...