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A comment on In its 5th filing with the SEC, Palantir finally admits it is not a democracy. Parent comment

Re:In its 5th filing with the SEC, Palantir finally admits i... by jeanvalmarc on Monday September 21, 2020 @12:45PM (#24545537)
It's hilarious and probably terrible for society that you can sell your company but still control it. The most powerful companies become even less accountable to anyone. If you buy a share in an active business, sure the amount of control that share represents was factored into the share price. But it is still slightly absurd that these companies with zero accountability are allowed to be traded on public markets.

Here's a pretty detailed argument against dual-class shares from the UPenn law review: https://scholarship.law.upenn.edu/cgi/viewcontent.cgi?articl...

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Re:In its 5th filing with the SEC, Palantir finally admits i... by chillacy on Monday September 21, 2020 @03:55PM (#24547721)
I’m rather happy to own shares in companies run by the founder with ambitious growth over those run by a career CEO who wants to grow revenue 5% y/y and nothing else.

While it’s true CEOs left unchecked engage in “empire building”, it’s also true that shareholders tend to suffer from short term thinking: money now is better than money later. The result is a lot of short term investments and a lack of 20 year planning.

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