this post was submitted on 09 Dec 2024
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[–] [email protected] 32 points 1 week ago* (last edited 1 week ago) (1 children)

I've not heard the term privatisation used in this way. This company is already privately owned, just not by a single individual or entity. That's not the same thing as being publicly owned, at least here in Australia it's not.

[–] BluesF 15 points 1 week ago* (last edited 1 week ago) (1 children)

A "public company" is one that has shares that are publicly traded. Common terminology, but yes it is confusing compared to private vs state ownership.

Edit: you're right though, using "privatisation" is doubly confusing... That's not so common. Perhaps that's what you meant!

[–] [email protected] 5 points 1 week ago

Yeah that's what I meant 👍