return2ozma@lemmy.world to Technology@lemmy.worldEnglish · 8 months agoReddit power users balk at chance to participate in IPO as Wall Street debut nearswww.cnbc.comexternal-linkmessage-square114fedilinkarrow-up1422arrow-down123cross-posted to: reddit@lemmy.ml
arrow-up1399arrow-down1external-linkReddit power users balk at chance to participate in IPO as Wall Street debut nearswww.cnbc.comreturn2ozma@lemmy.world to Technology@lemmy.worldEnglish · 8 months agomessage-square114fedilinkcross-posted to: reddit@lemmy.ml
minus-squaregivesomefucks@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down19·8 months ago for a company that can’t turn a profit and lost 90+ mil last year and 700+ cumulative. The CEO got 193 mil last year A private company doesn’t really need to turn a profit… Even publicly traded companies just need to do it because it effects shareholder price. With tax shenanigans, it’s often better for a private company to never turn a profit. If profit was important, they could have just paid the CEO 100 million and turned a 3 million profit.
A private company doesn’t really need to turn a profit…
Even publicly traded companies just need to do it because it effects shareholder price.
With tax shenanigans, it’s often better for a private company to never turn a profit.
If profit was important, they could have just paid the CEO 100 million and turned a 3 million profit.