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Patagonia – Earth is now our only shareholder

• bitwidget 4y ago
  This is incredible. I honestly don't think I've ever seen someone give away a business worth billions to charity. I wish Patagonia the best!
  • guywithahat 4y ago
    To be fair the guy is ancient and Patagonia wasn't public, so he could only ever take out loans against the company, he couldn't actually turn his shares into cash. It's like owning 2 billion in real-estate on the moon
    • yveezy 4y ago
      Still it's a laudable contribution! Let's not diminish it :)
    • mattashii 4y ago
      > couldn't turn his shares into cash Isn't there this thing businesses do sometimes that's called "going public", where one puts their share of the ownership on the market for sale, in return for which they receive cash? Why would that not have been possible for this ancient guy too?