That’s not necessarily true. Companies make many decisions everyday without consulting the stockholders. If the CEO or founder owns 51% of the stock or more, no can can fire him, he can do whatever he wants, and all stockholders can do is sell their stocks or badmouth him in the press.
If you read about Travis Kalanick, founder of Uber, you’ll discover it was extremely difficult to remove him from Uber. His only mistake was not controlling 51% of his company, even then, he had crazy rules about shares with voting power, non-voting shares, etc. He had rules that if you bought one Uber stock, he got two. This was before the company went public, back when it was funded by angel investors and venture capitalists.
It is true that anyone can file a lawsuit, but whether a judge will let it proceed or reject it with or without prejudice, is a different matter. Lawsuits are also public record. I’m a private person, if I sue a company, my privacy would be compromised. I would have reporters asking me why I’m suing.
Also, Fiverr has
44.81% are held by insiders (the president, executives, etc)
46.56% by institutions (banks, hedge funds, companies, etc)
So even if I was a billionaire and managed to control 10% of the stock, it wouldn’t be enough for a hostile takeover. The only way to do that would be by getting institutions to sell their stock to me until I reach 51%. That would be hard to do because Fiverr would do the same, not to mention buyback their own stock.
I don’t know why Fiverr charges fees they didn’t charge when they started. Why 20% of an order isn’t enough. I don’t think it’s because they need the money, I think it’s because they know we’re not going anywhere, and they don’t care if buyers get annoyed when they pay fees.
Those fees are a mistake, just like the $1 we used to pay to PayPal was a mistake that Fiverr corrected. That $1 fee was easy to tolerate because we might be withdrawing $100 or more, so it’s hard to notice $1. But when you make a $5 order and the bill is $7, you will notice that. If Fiverr is going to charge those fees, the least they could do is display the real price on our gig pages. That way our buyers will know they’re paying $7 instead of $5.