this post was submitted on 14 Mar 2024
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[–] megopie@lemmy.blahaj.zone 99 points 8 months ago* (last edited 8 months ago)

Others have pointed out there a private company, but to be more specific on what that means, they are not openly trading their shares. The majority of shares are all owned by a handful of people who care about the long term health of the business. A lot of companies that we see doing major face plants right now are publicly traded, so any big fund or individual with enough cash can swoop in and buy up enough shares to control leadership, then use that control to get the company to do stupid stuff generally or maximize short term profitability at the expense of long term health.

A similar thing can happen if someone with a majority of shares choose to sell too a ghoul.