They’re selling shares of their company, META stocks, to the shareholders that then vote on their liquidity portfolios. Not Crypto. Owners of a hypothetical META crypto don’t benefit from or have any say in how the company operates.
Alternatively they could spend that money on holding their own hypothetical crypto so as to create market cap and buy/sell volumes appealing to crypto investors.
finitebanjo@lemmy.world 2 weeks ago
They’re selling shares of their company, META stocks, to the shareholders that then vote on their liquidity portfolios. Not Crypto. Owners of a hypothetical META crypto don’t benefit from or have any say in how the company operates.
Alternatively they could spend that money on holding their own hypothetical crypto so as to create market cap and buy/sell volumes appealing to crypto investors.