However, Musk is the top shareholder of Twitter as an individual — as opposed to a financial institution
i’ve no doubt there are obscure (to me) legal differences between those two lofty situations. but for those of us who tend to purchase comestibles from the “priced to move bin”, it might suffer in the explanation. (“'e’s rich enough that 'e’s is own offshore holding company Irish dropbox financial institution, 'e is”)
How awful do you have to be to root for a vulture capital hedge fund?
Isn’t this an Aliens vs. Predator situation? Whichever one wins, we all lose?
How does a 401k management group = predator or alien? They aren’t VC’s.
Cool. I have some money in a Vanguard fund. As that makes me an even bigger deal than Elon Musk, I will henceforth be expecting billionaire-style deference on the internet.
In practice what that means is that I need about 30% of you to be absolutely nutballs devoted to me. Like, if I fart, I need you preemptively telling the world how great it smells. Anyone can be one of my psychotic fans but middle-aged dudes with just a little too much disposable income for their own good to the front of the line. The rest of you pedo guys I’ll see in court!
Not really. I mean, it’s all late stage capitalism so there’s no one (including me, Joe Retirement-Saver) with clean hands. But somebody’s gotta own stocks and for the most part you’d want someone like this managing a million boring 401(k)s to have a stake in your company.
Everytime I hear NFTs mentioned, I think of the children’s book “Nothing” by Jon Agee: A rich person buys a bunch of Nothing, soon all the rich people are buying Nothing. Agee was prescient.
There’s a children’s book (*) that I remember reading as a kid in which a villain starts selling gift-boxes marked “Rien”, “Nichts”, “Nada” etc. to the naive talking animals who make up the population of the world. So when I think of NFTs, I think of the scene where the squirrel cries after opening her box of “Nichts” and finding nothing inside.
I was probably six or seven when I read the book, but I’ve hated scammers ever since.
(*) Based on some quick Googling, I think it was one of the books from the “Magical Woodland” series by Beverley Nichols.
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