Comment on Elon Musk calls for “criminal prosecution” of Twitter/X ad boycott perpetrators
cranakis@reddthat.com 4 months agoThere are the shareholders…
Comment on Elon Musk calls for “criminal prosecution” of Twitter/X ad boycott perpetrators
cranakis@reddthat.com 4 months agoThere are the shareholders…
just_another_person@lemmy.world 4 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.
grue@lemmy.world 4 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.
just_another_person@lemmy.world 4 months ago
No.
Took me all of 2 seconds: here
grue@lemmy.world 4 months ago
…Are you stupid? Do you know what things like Blackrock and Vanguard are, and what they do? The entire point of those companies is that they hold and invest other people’s money.
intensely_human@lemm.ee 4 months ago
Notice the mutual funds in here? That person is right.
intensely_human@lemm.ee 4 months ago
When do you predict twitter will shut down, or be sold my Musk?