and it’s clearly going to just bleed to death
When do you predict twitter will shut down, or be sold my Musk?
Comment on Elon Musk calls for “criminal prosecution” of Twitter/X ad boycott perpetrators
just_another_person@lemmy.world 3 months agoInstitutional 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.
intensely_human@lemm.ee 3 months ago
grue@lemmy.world 3 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 3 months ago
No.
Took me all of 2 seconds: here
grue@lemmy.world 3 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.
just_another_person@lemmy.world 3 months ago
Yes, they have more money than small nations. They are using their CAPITAL to invest. It’s literally a legal requirement to do so in all developed markets, and these are global companies doing so. They are spending your retirement doing it. They’re spending thebinsane amount of money you give them as a fee to do it. They’d be in court today if they were doing what you’re suggesting. In the US, anything designated as a retirement fund is only held my institutions (banks) that designate themselves as such, and SEC regulations prevent them from using any NON-CAPITAL cash from investing in this way.
intensely_human@lemm.ee 3 months ago
Notice the mutual funds in here? That person is right.