source: visualcapitalist.com
this post was submitted on 24 Aug 2023
47 points (88.5% liked)
Cool Guides
4659 readers
2 users here now
Rules for Posting Guides on Our Community
1. Defining a Guide Guides are comprehensive reference materials, how-tos, or comparison tables. A guide must be well-organized both in content and layout. Information should be easily accessible without unnecessary navigation. Guides can include flowcharts, step-by-step instructions, or visual references that compare different elements side by side.
2. Infographic Guidelines Infographics are permitted if they are educational and informative. They should aim to convey complex information visually and clearly. However, infographics that primarily serve as visual essays without structured guidance will be subject to removal.
3. Grey Area Moderators may use discretion when deciding to remove posts. If in doubt, message us or use downvotes for content you find inappropriate.
4. Source Attribution If you know the original source of a guide, share it in the comments to credit the creators.
5. Diverse Content To keep our community engaging, avoid saturating the feed with similar topics. Excessive posts on a single topic may be moderated to maintain diversity.
6. Verify in Comments Always check the comments for additional insights or corrections. Moderators rely on community expertise for accuracy.
Community Guidelines
-
Direct Image Links Only Only direct links to .png, .jpg, and .jpeg image formats are permitted.
-
Educational Infographics Only Infographics must aim to educate and inform with structured content. Purely narrative or non-informative infographics may be removed.
-
Serious Guides Only Nonserious or comedy-based guides will be removed.
-
No Harmful Content Guides promoting dangerous or harmful activities/materials will be removed. This includes content intended to cause harm to others.
By following these rules, we can maintain a diverse and informative community. If you have any questions or concerns, feel free to reach out to the moderators. Thank you for contributing responsibly!
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Saudi aramco should never be on these lists because it barely counts as a company if it does at all
I think it made the list based on being publicly traded
Correct.
Yes it did. But unlike most publicly traded companies only a small proportion of the company is actually available as shares. The Saudi government controls 98.2% of the shares. So the $2.2tn valuation, while accurate, would likely not be as big if everyone else didn’t have to fight over 1.8% of the company. And unlike normal companies, the laws they follow can be changed if the company wants them to be. Buying shares of Saudi Aramco is like investing directly into the Saudi government.
Compared to the rest of the companies on this list, it is in a hugely different situation.
In what way does it not count as a company?
https://lemmy.ml/comment/3055032
Here is a link to another comment I just made, hopefully expanding what I meant in my original comment.
That's just more similar to a majority privately owned company though, as the Saudi government is just the royal family. That doesn't mean its not a company.
True, but the saudi government can and do change the laws to allow the company to make more money. It’s more akin to buying shares in Saudi Arabia than it is to buying shares in a company.
As opposed to how the US government can and does change the laws to allow the company to make more money?
Yeah, obviously it sucks to support the Saudi royal family, but honestly, it's not any worse than buying shares in Raytheon, Northrup Grumman, Shell or BP. All of them are terrible companies doing terrible things to our world.
But the US government doesn’t do they. Not really. It’s highly illegal to do it for any reason that could be seen to be personal gain. You can’t count on any other country and company to bend the rules so that the company you invest in can benefit. Every other company on this list has to follow the law or face the consequences (those consequences may not be enough but that’s a different problem).
Uh, yeah, they do. They do it all the time?
But they don’t do they. You’re just making it up. If anything like that happens, it’s very rare and definitely not all the time.