this post was submitted on 31 Oct 2023
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Not sure why they use this in marketing (discuss.tchncs.de)
submitted 1 year ago by PotatoesFall@discuss.tchncs.de to c/memes@lemmy.ml
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[โ€“] driving_crooner@lemmy.eco.br 10 points 1 year ago (1 children)

A company can be family owned and being public at the same time. I work in one, just happen that the family who owns it have a controlled majority of the shares.

[โ€“] TheFriendlyDickhead@lemm.ee 2 points 1 year ago

So they still are in control what happens. The rest of the shareholders are just along for the ride and collect a bit of money