4 ms·
Who do you think owns public companies?
by closeparen 3y ago
Who do you think owns public companies?
- rvrs 3y agoAre you insinuating that the workers (or the public) have the ability to self-determine through share ownership? You are aware that Alphabet stock is split, with the class B shares being owned by the founders, right?
- closeparen 3y agoPublic company stocks need to go up because that's how millions of people with economic profiles not dissimilar to Google SWEs fund their retirement.
- lancesells 3y agoThe top 10% of americans own ~90% of stocks. I think the top 1% owns somewhere around 45% of those stocks.
- closeparen 3y agoDo you think FAANG SWEs aren't in the top 10% of Americans? Investors aren't some distinct class, we're mainly talking about pension funds and the 401ks of similarly well-compensated professional-managerial workers.