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Yeah he's holding them back from being a trillion $ company
I don't think Zuckerberg nor Dorsey cares much about $$ as much today. It's all about power and control they're fighting the people and government to ensure they can dominate the world. They're trying to become kingmakers of this world and I would rather see both land in jail for what they've done.
Serious crimes against humanity. When the people fear the NSA is monitoring them with big data but they freely give their personal data to FB and Twitter.
LOS ANGELES (CBSLA) – Staples Center, the iconic arena in downtown Los Angeles, which has been the home to the Lakers, Clippers and Kings since 1999, will be renamed Crypto.com Arena in what is believed to be the largest naming rights deal in history.
Staples originally paid $120 million for a 20-year naming rights deal in 1999. Crypto.com will pay $700 million for a 20-year naming rights deal according to Arash Markazi.
Well, suppose my C-corp took Bitcoin in exchange for issuing shares.
The Bitcoin would be hedged with futures to gain the annual contango benefit. Then if Bitcoin went up some of the holding would have to be sold to keep the futures position. But sold at what tax rate ? Well, that's probably sold at the tax rate of the new shareholder instead of at the corporate tax rate of 21%. But if Bitcoin went down then the value of the Bitcoin would transfer to the futures and the corporate tax rate would apply. Now that financial scenario is without being legally advised. I suppose that the company would need copies of the shareholder's current tax forms.
Well, the C-corp is an editorial company that also has an investment portfolio. The company has editorial operations and holdings but features a liquid-net-worth valuation. However, the company is planning on converting to a commodity pool. The founder does have personal operations as a hedged commodity trader.
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