top | item 34717680

(no title)

strawpeople | 3 years ago

> Vanguard and blackrock are the major share holders across the whole of big tech.

This is simply a false statement. Holding a single digit percentage of a company doesn’t make you “the major shareholder”.

> As I said, this is public info and people can check that whatever you can post on this forum.

They should check, and so should you.

> And again, I am not on the unbelievable side here, you are: you have to proove this duo which are the major owners in all of big tech,

They aren’t ‘major owners’. They own a minority of shares, whether considered together or separately.

> do not have any say in the steering of the companies they _own_

They don’t own the companies.

They own a small percentage of the shares of each of the companies, completely insufficient to win any votes.

I see you’ve walked back your claim about Google now that you’ve checked the facts. At some point hopefully you’ll see that wherever you got this whole argument from, you have been misinformed.

discuss

order

sylware|3 years ago

The only thing which _may_ change (need more sources to confirm, since only 1 new site did pop up very recently with that new info) is about alphabet(google) because the other sites were missing the alphabet(google) super voting shares, but I knew it was the case about metafacebook though.

As I said in my previous post, that would make the context of the news even more awkward and weird.

And you are wrong, it does not change anything for all the other companies without "super voting shares" from big tech, actually, it expanded (unless the super voting shares information is missing too for amd, intel, nvidia, etc) and it does not change the fact, again, that you are pushing something that nobody sane would believe: major owners of a company would have no say in the company steering and management?? I am not the stubborn guy here mate, actually, I start to feel sorry for you.

strawpeople|3 years ago

> you are pushing something that nobody sane would believe: major owners of a company would have no say in the company steering and management??

No. I’m saying you’re just wrong about them being major owners. If it was true, you’d be able to easily show us some evidence.

Blackrock and Vanguard are minority shareholders in the companies you list and don’t have enough votes to control the boards or fire executives.

You are simply making false claims about who owns these companies. That’s all that’s happening.