Assian_Candor [comrade/them]@hexbear.net to news@hexbear.netEnglish · 2 months agoByteDance would rather shut down tiktok than sell ithexbear.netimagemessage-square125fedilinkarrow-up1263arrow-down10file-text
arrow-up1263arrow-down1imageByteDance would rather shut down tiktok than sell ithexbear.netAssian_Candor [comrade/them]@hexbear.net to news@hexbear.netEnglish · 2 months agomessage-square125fedilinkfile-text
https://www.reuters.com/technology/bytedance-prefers-tiktok-shutdown-us-if-legal-options-fail-sources-say-2024-04-25/
minus-squareredtealinkfedilinkEnglisharrow-up11·2 months agoMight depend on whether that 60% has voting rights.
minus-squareAcidLeaves [he/him, he/him]@hexbear.netlinkfedilinkEnglisharrow-up20·2 months 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 months 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