The counter argument is that active external governance can be bad for the long term prospects of the company. Optimizing for quarterly results, activists investors threatening and getting sweetheart deals that are good for them and bad for the rest of the company.

In the end it comes down to leverage, Zuck famously didn’t sell early so people were pounding down the door to invest when they finally got the opportunity.

I'm imagining a world where you don't get to fuck up as bad as FB did spending multiple years chasing the Metaverse while letting their platform rot, relying purely on plateauing ad revenue.

Looking at their revenue growth, it's one of the best companies for shareholders (ethics aside of course).

I understand Zuck made many failed bets but he had a few big bets paid off. And those big bets paid off so well that FB is a $1.4 trillion company.

It's like people here are still stuck in school where you have to score A+ on every subject.