X, the social media platform owned by Trump adviser Elon Musk, is challenging the constitutionality of a Minnesota ban on using deepfakes to influence elections and harm candidates.
Well, no, private companies can still have shareholders; but there’s definitely a lot of differences. Like, having shares in a private company won’t guarantee any right to vote, and I don’t think you can do the whole sue the company for not putting profits over people.
You’re right, and your take is more nuanced. A huge thing about it being a private company is that they aren’t required to disclose who has ownership stakes, performance against revenue targets, etc. Ostensibly, anyone who isn’t on the inside, and even employees who aren’t privy to management decisions, will be met with more or less a black box about the company’s drivers.
There are no shareholders. He took the company private and funds it through advertising and loans. He is the only shareholder.
Well, no, private companies can still have shareholders; but there’s definitely a lot of differences. Like, having shares in a private company won’t guarantee any right to vote, and I don’t think you can do the whole sue the company for not putting profits over people.
You’re right, and your take is more nuanced. A huge thing about it being a private company is that they aren’t required to disclose who has ownership stakes, performance against revenue targets, etc. Ostensibly, anyone who isn’t on the inside, and even employees who aren’t privy to management decisions, will be met with more or less a black box about the company’s drivers.
Ahhhhh that makes a lot more sense. Thank you.