[Sunspark]

If Jack is the majority shareholder (I don't know if he is, just using this as an example), they have to do what he says.

Twitter has a CEO now, but the majority shareholder is Musk. She cannot do anything without his permission. Were I CEO I would remove that childish poop emoji auto-responder but I don't think she has that kind of authority. Facebook has a board of directors, but Zuck is the majority shareholder, so they have to do whatever he wants, so they spent time and money on the metaverse when a normal corporation might have said let's not.

[skybrian]

You’re right that governance structure matters. However, people speculating about ownership instead of researching it doesn’t help much. Each organization is different and analogies aren’t facts.

Looks like Dorsey had a seat on the board as of 2022. I don’t know if there’s a good way to find out if that changed? The closest thing there is to an official web page is the FAQ and blog articles that it links to.

https://blueskyweb.xyz/blog/2-7-2022-overview