Assian_Candor [comrade/them]@hexbear.net to news@hexbear.netEnglish · 2 years agoByteDance would rather shut down tiktok than sell ithexbear.netimagemessage-square127linkfedilinkarrow-up1267arrow-down10file-text
arrow-up1267arrow-down1imageByteDance would rather shut down tiktok than sell ithexbear.netAssian_Candor [comrade/them]@hexbear.net to news@hexbear.netEnglish · 2 years agomessage-square127linkfedilinkfile-text
https://www.reuters.com/technology/bytedance-prefers-tiktok-shutdown-us-if-legal-options-fail-sources-say-2024-04-25/
minus-squareredtea@lemmygrad.mllinkfedilinkEnglisharrow-up11·2 years agoMight depend on whether that 60% has voting rights.
minus-squareAcidLeaves [he/him, he/him]@hexbear.netlinkfedilinkEnglisharrow-up20·2 years agoCPC has something called a golden share in a lot of companies. It’s a 1% equity stake that allows for overruling voting power in certain elections
minus-squareHexBroke [any, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up9·2 years agoIf you had a CPC rep on the board, you’d think you’d do what they suggested
Might depend on whether that 60% has voting rights.
CPC has something called a golden share in a lot of companies. It’s a 1% equity stake that allows for overruling voting power in certain elections
If you had a CPC rep on the board, you’d think you’d do what they suggested