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smooth_remmy | 5 years ago

> I’d love to own stock in them but i’m happier to have them stay private and not beholden to anyone else’s interests.

Stay private = only accredited investors (millionaires) can invest in them

Public companies = everyone can invest in them, including children, the poor, public pensions, etc.

Why would you want them to stay private and have only wealthy investors? You expect a company that has investors that are 100% from the upper class to act ethically? How many POC are wealthy enough to be accredited investors?

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