Comment on Elon Musk calls for “criminal prosecution” of Twitter/X ad boycott perpetrators

• cranakis@reddthat.com ⁨2⁩ ⁨months⁩ ago

  There are the shareholders…

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  • just_another_person@lemmy.world ⁨2⁩ ⁨months⁩ ago

    Institutional only now, and they’re all big companies who Musk strung along for the ride. He’s already on the hook with them, and they are obviously not pleased. He still the majority shareholder, and it’s lost 75% of its value since he took it over, and it’s clearly going to just bleed to death. They’ve already lost their investments.

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    • grue@lemmy.world ⁨2⁩ ⁨months⁩ ago

      You say “institutional investors” as if it’s their money they’re losing. It isn’t. It’s everybody’s 401(k)s and IRAs, held through mutual funds that disenfranchise them from being able to vote their shares and put that power in the hands of the “institutions” (read: fund managers) instead.

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      • just_another_person@lemmy.world ⁨2⁩ ⁨months⁩ ago

        No.

        Took me all of 2 seconds: here

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    • intensely_human@lemm.ee ⁨2⁩ ⁨months⁩ ago

      and it’s clearly going to just bleed to death

      When do you predict twitter will shut down, or be sold my Musk?

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