Since becoming Meta, Facebook’s parent company has lost US$650B

Re:Since becoming Meta, Facebook’s parent company has lost U... by dundarious on Saturday October 29, 2022 @10:31PM (#33390436)

Bit of a curveball mention of Warren and Sanders there, the latter of whom is certainly focused on what he sees as far bigger issues.

But the Norwegian Sovereign Wealth Fund, which he has mentioned favorably as a potential model for the US, does recommend against investing in companies with these types of share arrangements unless they have a sunset date (their analysis is that there is a benefit to giving founders control but that it diminishes and becomes a detriment over time). Matt Bruenig/People’s Policy Project has written on the topic also.

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Re:Since becoming Meta, Facebook’s parent company has lost U... by Cupertino95014 on Sunday October 30, 2022 @02:17AM (#33391688)

Thanks. It's certainly a flaw in capitalism, isn't it? A founder wants the public's money, but doesn't want them to exercise ownership.

There are lots of private companies. Going public is not the only way to get liquidity. So I would say, as John Q. Investor, "If you get my money, I get to vote to fire you."

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Re:Since becoming Meta, Facebook’s parent company has lost U... by dundarious on Monday October 31, 2022 @10:19AM (#33406052)

To be perfectly honest, by saying "curveball" I wasn't complimenting your reference to them, I was saying it was unexpected and confusing (as in hard to comprehend how or why you arrived at it).

But I mostly agree with your comments here.

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