Comment on Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
foggy@lemmy.world 6 months agoSometimes appeasing shareholders isn’t good for business.
This would mean it is more likely that employees will see greater benefits. Certainly doesn’t guarantee that, but without shareholders to appease, the workers have more leverage.
fuzzzerd@programming.dev 6 months ago
There are definitely still shareholders, they’re just private.
foggy@lemmy.world 6 months ago
Shareholders were bought out for $44.00 per share.
athairmor@lemmy.world 6 months ago
What? Private companies can and do sell shares of the company and people who own them are shareholders. The difference is that the shares aren’t traded on public markets.
People who own shares in publicly traded companies are also called investors.