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

• 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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      • grue@lemmy.world ⁨2⁩ ⁨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.

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      • intensely_human@lemm.ee ⁨2⁩ ⁨months⁩ ago

        Largest shareholders include BlackRock Inc., Vanguard Group Inc, Pentwater Capital Management LP, Pentwater Capital Management LP, Dimensional Fund Advisors Lp, State Street Corp, HAP Trading, LLC, Bluefin Capital Management, Llc, IJH - iShares Core S&P Mid-Cap ETF, and VTSMX - Vanguard Total Stock Market Index Fund

        Notice the mutual funds in here? That person is right.

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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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