3 ms·
Same point. Leaving a constrained environment for a less-constrained environment. If shareholders don’t like this move, they are free to move on from their pos
by dgfitz 2y ago
Same point. Leaving a constrained environment for a less-constrained environment.
If shareholders don’t like this move, they are free to move on from their position. They are owed what they own, because of their belief in future profits. If shareholders think this move is detrimental to that, move on.
Like mentioned, Zuck owns the control. This isn’t a secret revealed to shareholders after they buy in to the gambit.
- kasey_junk 2y agoThats not true. Shareholders have rights beyond future profits. Those rights are governed by the constraints of the environment, and are part and parcel to the ownership of the shares. Zuck has a large amount of control both because of his ownership percentage and the ownership structure, but even with that amount of control the rights of the shareholders are not something he can change unilaterally. Changing the incorporation location is absolutely a change to the ownership introduced to the shareholders after they buy into the shares. This is basic property rights stuff, not some sort of fringe theory.