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RE: The Slow Death Of Steem/Steemit

in LeoFinance3 years ago

Interesting. I just looked up the corporate info on Steemit, Inc. and it seems as though they no longer exist as a company since before the supposed sale to Sun. This is their status in Virginia. They didn't renew in 2019. I guess Steemit as a brand is just owned by whatever entity Sun bought it with, and there is no subsidiary? This would probably make it even more difficult for Steem to get out from under that problem, since the Tron people aren't going to be able to just wholesale spin it off as an entity. This also raises the question, did Ned have the legal authority to even sell it to him in the first place? He was acting as an officer of a corporation whose status was inactive at the time of the sale.

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Wow, that is interesting!