[ClumsyPilot]

> not be able to cash out when the time comes for me to retire

You can perfectly cash out by selling your business to private equity, or to anyone really.

Ban on M&A just means you cant sell a social network to Facebook, but you could sell it to Microsoft, to Autodesk, to Berkshire capital, etc.

[abenga]

Coul Berkshire Capital buy two social networks and merge them? Could Facebook form a capital holding company and buy a social network anyway?