this post was submitted on 03 Dec 2023
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Technology

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Could X go bankrupt under Elon Musk? (www.bbc.com)
submitted 10 months ago by misk@sopuli.xyz to c/technology@lemmy.world
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[–] Windex007@lemmy.world 1 points 10 months ago

I can shutter my private company whenever I want for whatever reason I want. If the private investors have an issue w/ that, they can sue me.

This has nothing to do with the SEC.

Market manipulation? There are no shares on the market to manipulate. This is WHY companies choose to go private... So that they are no longer beholden to the public shareholders and the regulatory bodies that exist to protect them (the SEC)