this post was submitted on 16 Jul 2024
572 points (93.7% liked)
Technology
60033 readers
2683 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Doesnt he have a fiduciary responsibility to the share holders? How is this unnecessary move going to help increase their value?
Please lets think of the shareholders!
Unless I'm mistaken they've always been based in Texas. Like look at their corporate license, they're incorporated in Texas. SpaceX isn't moving shit, he's just talking out his ass per usual.
SpaceX is not publicly traded, so there are no (public) shareholders to be beholden to
There are stake holders that are not elon he only has like 54% still a fiduciary responsibility