His $80B bet on the Metaverse was so wrong for so long how can he have any confidence in his decisions let alone ask investors to let him continue to lead the company?
They’re non-voting shares that essentially double the float (total number of shares issued). This is just for him as the board made the decision not shareholders. This could quite possibly be a golden parachute given the record highs of METAs credit default swaps (CDS). Bond market basically thinks META will default. Funny thing is the stock price dropped 8% but if the float was double that math would cut and devalue/dilute existing shares & price thereof significantly more. Granted nothing material occurs for 89 more days. Should prove to be an interesting shit show to say the least.
His $80B bet on the Metaverse was so wrong for so long how can he have any confidence in his decisions let alone ask investors to let him continue to lead the company?
They’re non-voting shares that essentially double the float (total number of shares issued). This is just for him as the board made the decision not shareholders. This could quite possibly be a golden parachute given the record highs of METAs credit default swaps (CDS). Bond market basically thinks META will default. Funny thing is the stock price dropped 8% but if the float was double that math would cut and devalue/dilute existing shares & price thereof significantly more. Granted nothing material occurs for 89 more days. Should prove to be an interesting shit show to say the least.