Video-sharing platform Rumble recently announced that it has no intention of pursuing environmental, social, and governance, or ESG, standards, a catchall term that refers to corporations pursuing liberal goals when it comes to climate change, race, and sexuality.
is right to reject ESG; it creates a distraction from a company’s main mission, and a few recent examples show that it does not make a company better.
“By pushing back against cancel culture and creeping censorship, we help facilitate a free exchange of ideas between our content creators and users,” RumbleThe company noted its primary goal is to maximize “shareholder returns by developing and continuously improving our product, growing our user base, and attracting top content creators.” The company said it will not let “outside groups that seek to advance goals or agendas” sway it from its mission.
The purpose of Rumble is to provide a high-quality video-sharing platform that allows content creators to share their ideas and maximize the returns for its investors. ESG does not make a company better governed and can make it worse, as seen in the recent controversies surrounding Silicon Valley Bank, FTX, and Norfolk Southern.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
Leer más »
SVB collapse: The Treasury must make whole SVB investorsThe Treasury Department is right to ensure that investors at Silicon Valley Bank have access to their deposits.
Leer más »
FDIC's Takeover of SVB Sparks Bank Runs, BoA & Wells Fargo FearsSVB's collapse has sparked bank runs at branches across the country, and now ... additional fears are percolating that even more big banks could be next in having the FDIC step in and take over.
Leer más »
All the Companies Facing Major Troubles After SVB’s CollapseWhile Roku is struggling to recover after SVB’s big crash on Friday, Etsy has sent messages to sellers telling them their payouts will be delayed.
Leer más »
Fed to hold emergency meeting on Monday amid SVB's swift collapse By Investing.com*FED TO HOLD EMERGENCY MEETING ON MONDAY AMID SVB'S SWIFT COLLAPSE -
Leer más »
UK finance minister and Bank of England work to contain SVB falloutBritain's finance ministry and the Bank of England are working together to minimise the disruption that could stem from a collapse of the UK arm of Silicon Valley Bank , which has been seized by U.S. regulators, the ministry said on Saturday.
Leer más »