alt Hacker News> it isn't a liquid asset becase he can't sell without giving up that control…
And that doesn't matter. If Meta is forced to issue 10% more shares to the plaintiff the value of all shareholders' shares fall 10%. And if the plaintiff dumps all the shares on a single day, they fall even harder.
Zuckerberg's 57% control of a $1.6t company means a lot more than my 50% control of Triceratops Inc. Not because 57% > 50% but because $1.6t > undefined.
> he could probably order the business to print more shares and give them to him do at any time because of his voting control
Unlikely. Meta is still headquartered in Delaware and such an action would be subject to shareholder lawsuits. And again the stock price falls, so does Zuckerberg's net worth and also the RSU grants of all his employees. To retain them Meta has to spend more money - cash or further share dilution.
You either don't understand finance or are being deliberately obtuse.
> And that doesn't matter. If Meta is forced to issue 10% more shares to the plaintiff the value of all shareholders' shares fall 10%. And if the plaintiff dumps all the shares on a single day, they fall even harder.
And why should Zuckerberg care? You can observe by looking at what he's doing that the only thing he wants to own with 99% of his wealth is Meta itself. If Meta stocks were to literally and permanently devalue by 99%, he's still a multi-billionaire and keeps his various mansions and so on, modulo whatever loans he has.
> Meta is still headquartered in Delaware and such an action would be subject to shareholder lawsuits.
So was Tesla until it wasn't: https://eu.delawareonline.com/story/money/business/2024/06/1...
> To retain them Meta has to spend more money - cash or further share dilution.
The recent fire-rehire scheme, the one where the firing was blamed on AI even though he got many of them back again, appears to be in aid of breaking the requirement to give out all those stock options.