alt Hacker NewsMeta Platforms Inc. can create shares out of thin air.
Diluting existing shareholders by 10% would send a much stronger message than whatever's happening now.
Meta Platforms Inc. can create shares out of thin air.
Diluting existing shareholders by 10% would send a much stronger message than whatever's happening now.
The message being "screw the rules, I have money".
The shareholders already can't remove Zuckerberg, he has 57% of voting control.