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A comment on Since becoming Meta, Facebook’s parent company has lost US$650B. Parent comment

Re:Since becoming Meta, Facebook’s parent company has lost U... by danielfoster on Saturday October 29, 2022 @02:58PM (#33386958)
Publicly-traded companies are expected to act in the best interest of their shareholders, which includes the obligation to make the best use of free cash. This is Business Law 101.

Management is generally given huge leeway here and shareholders will usually vote with their feet as has happened with Meta.

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Re:Since becoming Meta, Facebook’s parent company has lost U... by Cupertino95014 on Saturday October 29, 2022 @03:42PM (#33387328)
Correct. If you're a shareholder, you can either sue, while you have "standing," or you can just sell and preserve your money.

Even if you sue, you probably wouldn't win, and it would be horrendously expensive.

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