einszwei
Joined 8 years ago
Joined 8 years ago
In 2012 this was relaxed in JOBS Act which relaxed the 500 threshold to 2000 but more importantly it ignored employees so now private companies of gargantuan trillion dollar valuation and thousands of employees have no disclosure requirements.
So, this is a classic case of regulation that did well but was relaxed and now creates hidden risks.
[1]: https://www.investopedia.com/terms/5/500-shareholder-thresho...
Surprised that people are still quoting a decade old rumor.
But I hope you aren't buying any phones, laptops which indeed have lot of exploitation and sometimes even slave labour (see cobalt mining in DRC). Or not buying any supermarket meat, eggs or milk. It is incredibly easy to pass a moralistic judgement.
Interestingly, the NASDAQ over the same time has also grown 40%.
I trust the output of colleagues I am collaborating with and have an assumption of some shared responsibility. But if I use a tool like numpy/matplotlib then I am accountable for the conclusions I come up with. I can't make an excuse that "matplotlib" created a plot so my decisions were incorrect and not due to my own negligence.
It is really not difficult to draw this line to spot contradiction between co-CEO's personal stance and the company's mission.
As someone who worked in US and left it long time back, last year was the first time I could hear ambivalent views on US from my friends who work there. They are still in US as they make a lot of money but have started to consider the alternatives.