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Pro@programming.dev to Technology@lemmy.worldEnglish · 6 days ago

Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure

www.dlnews.com

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Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure

www.dlnews.com

Pro@programming.dev to Technology@lemmy.worldEnglish · 6 days ago
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Meta’s Bitcoin treasury play flops as 99% of shareholders say no
www.dlnews.com
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Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.
  • flightyhobler@lemmy.world
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    5 days ago

    Same way fiat is.

    • Melvin_Ferd@lemmy.world
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      5 days ago

      They’re the same the AI. Had these people been interested years ago, they would be sitting pretty. But they kept telling everyone it’s garbage. Now it’s just sunk costs for them

      • flightyhobler@lemmy.world
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        5 days ago

        I’m sure that if they found a set of keys for a Bitcoin wallet, they would just throw it away.

        • Echo Dot@feddit.uk
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          5 days ago

          I certainly wouldn’t keep anything in cryptocurrency. I would transfer it to something stable.

          • boonhet@lemm.ee
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            5 days ago

            I mean if I found a wallet with a million euros worth of bitcoin, I’d sell half and keep half. If it rises significantly, sell half of the remainder. And so on.

            If I found a wallet with like 5k worth of BTC on it though? Just sell it all right away, it’ll do more for me now than say 10k in 5 years which is an insane long term return tbf.

    • ayyy@sh.itjust.works
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      5 days ago

      What’s the GDP of Bitcoinistan?

      • throwawayacc0430@sh.itjust.works
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        5 days ago

        Can’t be any worse than the GDP of the 2025 fascist USA

        • Echo Dot@feddit.uk
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          5 days ago

          I mean, it is worse

      • Gsus4@mander.xyz
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        5 days ago

        Probably the same as North Korea, with the amount of money laundering, ransomware and scams they do 😄

    • anon_8675309@lemmy.world
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      5 days ago

      Oh stop it

      • Gsus4@mander.xyz
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        5 days ago

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