11/22/2023 0 Comments Meta platforms stockRetail investors take shelter in cash after stock market rout.Three strategies for retirees to consider in times of market volatility.There's a good side to oligopolies and a lack of competition if you're an investor.This advertisement has not loaded yet, but your article continues below. to accelerate its buyback program as a way of pushing up the stock price.Īsked about Zuckerberg’s control, a Meta spokesman referred to the company’s proxy statement, which reads, “We believe that our capital structure is in the best interests of our shareholders and that our current corporate governance structure is sound and effective.” In 2014, Carl Icahn pushed for Apple Inc. The structure prevents activists from influencing the board and management, something that has happened with big tech in the past. Zuckerberg owns or controls about 90 per cent of the company’s unlisted Class B shares, which have 10 votes each versus one vote each for the Class A shares that are publicly traded. “The stock could double in a year with better management, with management that is more focused on shareholders.” “He’s tone deaf to what the owners of the company want, outside of himself,” said David Katz, chief investment officer at Matrix Asset Advisors. While investors may long for Meta to renew its focus on selling ads to its billions of social-media users, the company’s structure gives Zuckerberg total control, so there’s little they can do but what they’ve already been doing: sell. The strategy is curbing earnings even as the company acknowledges it’s unlikely to deliver significant revenue for years.
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