this post was submitted on 13 Jun 2024
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I mean, this is actually probably the "right" decision from a shareholder perspective.
Delaware is still going to stop that bribe any time soon. But this way the stock won't tank when musk guts the company out of spite and they can sell off their shares over the next few weeks/months.
Horrible for the company but... that company was already fucked.
I'm not super well versed with economics, could you eli5 how it's a good decision for the shareholders? Not being snarky, I'd actually like to know.
...
Shhhhh....I haven't been up for 18hrs, and I certainly haven't been drinking. Just....just shhhhhhh.
One of the votes is moving from Delaware to Texas. So enjoy that Texas judge.