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Pro to Technology@lemmy.worldEnglish • 27 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 to Technology@lemmy.worldEnglish • 27 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.
  • @throwawayacc0430@sh.itjust.works
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    28•26 days ago

    With how volitile the USD is under ahem this administration, Bitcoin is probably the slightly less shittier option.

    • @Revan343@lemmy.ca
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      31•26 days ago

      If only there were some other major currency, maybe controlled by some larger union of countries so that one country’s poor decisions can’t tank it

      • @joel_feila@lemmy.world
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        14•26 days ago

        Greece has entered the chat

    • @Psythik@lemm.ee
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      5•25 days ago

      Seriously, I do not have faith in USD anymore. What’s left of my paycheck after bills all goes to BTC, and I sell what I need on demand to cover day to day costs. Been doing this since 2019 and it has paid off handsomely.

    • @RedditIsDeddit@lemmy.world
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      5•
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      15 hours ago

      deleted by creator

      • @finitebanjo@lemmy.world
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        2•26 days ago

        I didn’t really parse what your comment is saying. Are you saying that whenever you buy BTC you later sell it for half your buy average? Or are you saying like 150%?

        Is it just you or are you implying that everyone loses/gains 50% from the magical BitGoblin?

        • @RedditIsDeddit@lemmy.world
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          5•
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          15 hours ago

          deleted by creator

          • @finitebanjo@lemmy.world
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            2•26 days ago

            Thank you, I appreciate the clarification.

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