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this post was submitted on 24 Dec 2024
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The point is to return vale to the shareholders
In case of Meta, this not actually true.
They have a dual layer share structure where Zuck holds special class share that provide him full control even if he doesn't have a majority of "ownership class" shares.
I mean, I am sure Zuck wants "line go up", but we are at point where it's more like his personal fiefdom and he can tell shareholders to bugger off and let him burn $46 Billion on his weird metaverse fetish.
The ungodly rich batards have created another reason the French were so on point