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by jonathankoren
2674 days ago
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Elon effectively has controlling interest due to his supervotes. Sure, 89.5% of the outside votes can out vote him, but that’s an absurdly high bar. [0] Also, the SEC is a regulator for a reason. Saying the company is cool with it (even when it’s really unclear if that’s actually true give the voting setup) is completely irrelevant to if the behavior is acceptable to society. After all, grifters are totally fine with gritting when they’re the ones doing it, but that doesn’t mean grifting a societal benefit. [0] https://www.thestreet.com/investing/stocks/how-elon-musk-con... |
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