Reformer pitches Musk trendy "public benefit" structure for Twitter [Reuters]
Warby Parker Inc. (WRBY)
Company Research
Source: Reuters
into a “public benefit corporation” to work for the benefit of all stakeholders, not just investors. An image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration Adopting the legal structure would be one of several ways to ensure that Twitter serves the public interest, even if Musk eventually sells the company again or loses control, said Rick Alexander, CEO of The Shareholder Commons. “If you want a company to be more responsible, a PBC is an enabler,” said Alexander in an interview. Other ideas his nonprofit advocacy group plans to outline in a letter to Musk and to top Twitter investors on Wednesday include setting rules to protect Twitter's transparency and to create an independent trust to enforce those procedures. Once Twitter is taken private, Alexander said, “all the pressure that you might feel from public shareholders to maintain a healthy online discourse will go awa
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News
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- Millennial activewear brand Outdoor Voices is on the verge of bankruptcy after abruptly closing all its stores: ‘Our chairwoman was posting cat memes the day we were told' [Yahoo! Finance]Yahoo! Finance
- Solar eclipse glasses from Warby Parker available for free next week: How to get a pair [USA TODAY]USA TODAY
- Millennial activewear brand Outdoor Voices is on the verge of bankruptcy after abruptly closing all its stores: ‘Our chairwoman was posting cat memes the day we were told' [Fortune]Fortune
WRBY
Earnings
- 2/28/24 - Miss
WRBY
Sec Filings
- 3/13/24 - Form 4
- 3/11/24 - Form 144
- 3/8/24 - Form 4
- WRBY's page on the SEC website