this post was submitted on 31 Oct 2023
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[โ€“] [email protected] 14 points 1 year ago (1 children)

A company can be family owned and being public at the same time. I work in one, just happen that the family who owns it have a controlled majority of the shares.

[โ€“] [email protected] 3 points 1 year ago

So they still are in control what happens. The rest of the shareholders are just along for the ride and collect a bit of money