Submitted by hellothere564738 t3_yffqbu in explainlikeimfive
SoullessDad t1_iu3wndc wrote
Reply to comment by hellothere564738 in ELI5 How can a public company become private? by hellothere564738
Consider another scenario - I buy one share of Ford Motor Company. That doesn’t give me the right to demand a free car or force them to release a new version of my favorite model. Owning stock doesn’t give you full control over the company. It does give you some say in how the company is run, often through voting on the members for the board of directors.
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