4 ms·
Isn't that how Facebook is ran too? Basically Zuckerberg's private company, that in theory is public?
by vondur 4mo ago
Isn't that how Facebook is ran too? Basically Zuckerberg's private company, that in theory is public?
- tonetheman 4mo ago[dead]
- grassfedgeek 4mo agoRight, if Meta had good governance Zuck wouldn't have been allowed to invest so much in Metaverse.
- jdgoesmarching 4mo agoTech bros reinvent autocracy
- stefan_ 4mo agoFacebook is still a Delaware company, with lots of established case law for what Zuckerberg can and can not do, voting majority or not. SpaceX is now some Texas corporation with a state legislature ready to enable whatever Musk wants.
- zardo 4mo agoThough (at least to my knowledge) Zuckerberg doesn't have a history of abusing his authority to make deals that advantage other companies he owns at the expense of Facebook. E.g. SpaceX buying up large numbers of Cybertrucks Tesla couldn't sell at MSRP, not even negotiating a good fleet sale deal.
- radicalbyte 4mo agoWhere did that $70B from the metaverse go to?
- zardo 4mo agoAs far as I know, he lost that value with honest bad decision making.