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triceratopsyesterday at 5:44 PM1 replyview on HN

It amounts to taking 10% of his wealth too, through dilution.

And by diluting all shareholders it depresses the price in the future.


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ben_wyesterday at 5:58 PM

That's like a court ordering 10% of your home be put on the market in a way that never forces you to pay rent, when you're likely to live in it for the rest of your life.

The wealth you're talking about is almost entirely bound in owning and controlling facebook, bounces up and down a lot regardless of penalties, and it isn't a liquid asset becase he can't sell without giving up that control…

Except worse than that, because he could probably order the business to print more shares and give them to him do at any time because of his voting control. See e.g. Musk and his BS trillion dollar performance carrot at Tesla where the board is suspiciously arranged in his benefit, or Musk and his BS voting control structure with SpaceX. IIRC Meta's dividends are pathetic and Musk's nonexistent, so you're proposing an even smaller slap on the wrist than the penalty you deride.

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