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> Well, once you open the doors to investors and banks, they become your lifeblood. Not if your CEO has the controlling interest. In theory, Zuck can let the
by jpdoctor 14y ago
> Well, once you open the doors to investors and banks, they become your lifeblood.
Not if your CEO has the controlling interest.
In theory, Zuck can let the stock drop to near zero, and then take the company private by buying outstanding shares for pennies per share.
And there's nothing the bozos with common stock can do about it.
> Not exactly a win is it?
It's a huge win, because that $50B has nothing to do with the company coffers, and has everything to do with the suckers who bought the common without serious voting rights.