Elon Musk infamously paid $44 billion to purchase Twitter, and on Tuesday, his pricey platform was promoting a hashtag dedicated to eviscerating him over his decision to deny the Ukraine military access to Starlink over Russian-occupied Crimea.
And thus, the myth of “stock owners have anything to say” gets dispelled: you put money on a retirement fund, that buys ETFs, that buy TSLA, that does whatever Musk wants… and you can do nothing about it.
“Vote with your wallet”, except someone took it from you 😖
More like “you have it away” than then taking it from you. But otherwise yeah pretty much. You can take some splice in the fact that unless you have a whole lot invested in those ETFs you aren’t giving much to him.
$SPY only has like a 2% stake in Tesla so for every dollar you put in $SPY Tesla only gets a couple pennies
A lot of times the ETF won’t have a choice in what it buys. They just buy X amount of Y stock when it hits a certain level.
And thus, the myth of “stock owners have anything to say” gets dispelled: you put money on a retirement fund, that buys ETFs, that buy TSLA, that does whatever Musk wants… and you can do nothing about it.
“Vote with your wallet”, except someone took it from you 😖
More like “you have it away” than then taking it from you. But otherwise yeah pretty much. You can take some splice in the fact that unless you have a whole lot invested in those ETFs you aren’t giving much to him.
$SPY only has like a 2% stake in Tesla so for every dollar you put in $SPY Tesla only gets a couple pennies