green_goglin@thelemmy.club to Today I Learned@lemmy.worldEnglish · 6 days agoTIL Zuck is diluting META/FB’s stock and fleecing shareholders (401ks) to pay his personal California Tax Bill, subsidize hundreds of billions in lawsuit settlements/fines, and float the slop bubble.www.theverge.comexternal-linkmessage-square73linkfedilinkarrow-up1560arrow-down139file-text
arrow-up1521arrow-down1external-linkTIL Zuck is diluting META/FB’s stock and fleecing shareholders (401ks) to pay his personal California Tax Bill, subsidize hundreds of billions in lawsuit settlements/fines, and float the slop bubble.www.theverge.comgreen_goglin@thelemmy.club to Today I Learned@lemmy.worldEnglish · 6 days agomessage-square73linkfedilinkfile-text
minus-squaregreen_goglin@thelemmy.clubOPlinkfedilinkEnglisharrow-up36arrow-down1·6 days agoMETA Shareholders: Pension funds and passive holders in their retirement accounts via index funds and mutual funds.
minus-squaremasterspace@lemmy.calinkfedilinkEnglisharrow-up1·3 days agoI’m sorry but this is just “too big to fail” horseshit that meta spews to stop you from divesting. Money going from Meta shareholders to tax payers is a good thing. Full stop. End of story. That drives down metas stock price and makes them less valuable. Those index funds and institutional investors will just reinvest somewhere else.
minus-squaresolarspark@lemmy.mllinkfedilinkEnglisharrow-up7·6 days agoAnd that’s that greatest swindle played against the working class… Allocating their pension towards holding stocks from toxic companies like meta.
META Shareholders: Pension funds and passive holders in their retirement accounts via index funds and mutual funds.
I’m sorry but this is just “too big to fail” horseshit that meta spews to stop you from divesting.
Money going from Meta shareholders to tax payers is a good thing. Full stop. End of story.
That drives down metas stock price and makes them less valuable. Those index funds and institutional investors will just reinvest somewhere else.
And that’s that greatest swindle played against the working class… Allocating their pension towards holding stocks from toxic companies like meta.