|
Interesting talk, maybe we should use specific examples. Here, I'll provide a few. So, let's take a look at a few massive corporations starting with one that controls much of the food we eat: First we have Tyson Foods. They're the guys gouging chicken prices and putting out massive profit margins this year: https://www.marketscreener.com/quote/stock/TYSON-FOODS-INC-14672/company/ AS you can see, of the ~75% of owned stock, all the major owners are financial institutions. Next, let's look at major tech company Alphabet: https://www.marketscreener.com/quote/stock/ALPHABET-INC-24203373/company/ Some very familiar names. Finally, let's look at some foreign oil interests. Surely, European oil company Shell will have a different set of owners, right? https://www.marketscreener.com/quote/stock/SHELL-PLC-130945922/company/ Weird, a nearly identical group of owners. Very strange. Cpt_Obvious fucked around with this message at 18:59 on Apr 19, 2023 |
# ¿ Apr 19, 2023 18:35 |
|
|
# ¿ May 10, 2024 06:23 |
|
Now lets focus on a single industry, specifically food production: We've already done Tyson but for posterity's sake: https://www.marketscreener.com/quote/stock/TYSON-FOODS-INC-14672/company/ What about their "competitors"? Afterall, Tyson is only one company. Let's look at their two major competitors, Pepsico and Nestle. These 3 are generally considered the titans of the food industry. So first, PepsiCo: https://www.marketscreener.com/quote/stock/PEPSICO-INC-39085159/company/ Wow! Super weird! Ok, what about Nestle: https://www.marketscreener.com/quote/stock/NESTLE-S-A-120787995/company/ Well IDK why they decided to include company owned stocks in the stats this time, but for the first time we can see it's NOT vanguard in first place! See! Variety! Edit: So, in conclusion, we can see that not all companies are owned by a handful of corporations. Instead, all the corporations are owned by a handful of financial institutions. Cpt_Obvious fucked around with this message at 18:56 on Apr 19, 2023 |
# ¿ Apr 19, 2023 18:44 |
|
I was going to make a post about how Tesla could be an exception because, despite being a trillion dollar company, it was rejected entry in the S&P 500. But, oops! https://www.marketscreener.com/quote/stock/TESLA-INC-6344549/company/ What's interesting here is that Elon owns as large of a percentage of Tesla as Vanguard owns of Tyson. Edit: VVVVVVVVVVVVVVVVVV I don't understand what your argument is. Whether a stock is contained in an ETF or not does not change the ownership of the stock. Cpt_Obvious fucked around with this message at 20:45 on Apr 19, 2023 |
# ¿ Apr 19, 2023 20:43 |