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[-] psx_crab@lemmy.zip 3 points 10 months ago* (last edited 10 months ago)

Billion in value

What value? Actual money or stock? Because stock doesn't really reflect anything about the state of the company, and this drop in stock price mean absolutely nothing if they don't change the practice or the government doesn't pass a new law. It's just stock owner losing money because some fuck want to do a short selling.

Do we learn nothing from Gamestop?

[-] ohellidk@sh.itjust.works 2 points 10 months ago

Somehow this does not surprise me at all.

[-] psyklax@lemmy.dbzer0.com 2 points 10 months ago

The ceo isn't really in control. The board of directors is. And even they are subject to "democratic" elections by the shareholders. Just happens to be the same people on the board who own a large portion of the shares, in most cases.

Just thinking.. isn't capitalism neat?

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this post was submitted on 24 Jan 2025
1709 points (100.0% liked)

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