Facebook whistleblower says she wants to fix company, not harm it

Re:Facebook whistleblower says she wants to fix company, not... by matheusmoreira on Monday October 04, 2021 @12:29AM (#28743075)

What is the point of publicly trading a company if the public can never actually gain control of it? That would make it solely about speculation.

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Re:Facebook whistleblower says she wants to fix company, not... by sandworm101 on Monday October 04, 2021 @12:30AM (#28743082)

>> it's just about speculation.

As opposed to all the other reasons people buy publicly-traded shares?

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Re:Facebook whistleblower says she wants to fix company, not... by matheusmoreira on Monday October 04, 2021 @12:37AM (#28743137)

I thought the power to affect corporate decision making was an important part of investing. Apparently not.

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Re:Facebook whistleblower says she wants to fix company, not... by sandworm101 on Monday October 04, 2021 @12:53AM (#28743230)

That power is still there. By selling their non-voting shares investors lower their price, which has knock-on impacts on the corporation. What is lost is the power to directly make corporate decisions.

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Re:Facebook whistleblower says she wants to fix company, not... by matheusmoreira on Monday October 04, 2021 @10:44AM (#28747390)

> What is lost is the power to directly make corporate decisions.

That's what I meant.

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Re:Facebook whistleblower says she wants to fix company, not... by depaulagu on Monday October 04, 2021 @12:59AM (#28743258)

Definitely not for individual-saving-for-retirement investors IMO (altough there might be some that think that's important, but they can't affect nothing really).

What matters most to these (me included) is the growth of the nest egg, by dividends or capital gains (which FB has delivered handsomely on the last decade).

For large institutional investors, it may be important. For activist investors, it certainly is.

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