Submitted by hellothere564738 t3_yffqbu in explainlikeimfive
urzu_seven t1_iu3iccq wrote
Reply to comment by hellothere564738 in ELI5 How can a public company become private? by hellothere564738
The company isn't "your property" and by buying shares you agree to the terms attached to them, which include provisions which allow the majority to decide things like this. The alternative would be tyranny of 1, ANY single person could ruin the business by refusing to allow something to happen. No sane company would issue shares under those circumstances.
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