Because he’s stating the companies they own that control the narrative. Push the views they want and downplay ones that are critical. Twitch is more relevant than Amazon for that.
Institutional investors vote with the board as a matter of policy.
What that 65% actually is, is money from average Americans’ retirement accounts that has been aggregated into index funds instead of individual stocks. That means those individual investors are disenfranchised from voting their shares.
That 65% doesn’t dilute Bezos’ power; it inflates it at the expense of the “little people.” You’re making the opposite of the point you think you’re making.
“Pass through” voting for stocks held through mutual funds is yet another reform that we need but aren’t getting because of oligarchy.
Curious why he said Twitch vs Amazon
Because he’s stating the companies they own that control the narrative. Push the views they want and downplay ones that are critical. Twitch is more relevant than Amazon for that.
Thank you that makes sense. I figured he led with The Washington Post for that exact reason but didn’t really see Twitch in the same light at first.
Media and social media.
Amazon is not really owned by any singular person. Yes, Bezos owns 8% of it, but he’s neither CEO, nor a president of the company.
He’s founder of Amazon, not owner of it.
Bezos is chairman of the board for Amazon though. The CEO reports to the board.
Board members, who have to vote. He cannot unilaterally control the company.
Institutional investors vote with the board as a matter of policy.
What that 65% actually is, is money from average Americans’ retirement accounts that has been aggregated into index funds instead of individual stocks. That means those individual investors are disenfranchised from voting their shares.
That 65% doesn’t dilute Bezos’ power; it inflates it at the expense of the “little people.” You’re making the opposite of the point you think you’re making.
“Pass through” voting for stocks held through mutual funds is yet another reform that we need but aren’t getting because of oligarchy.
Fascinating. Thanks, hadn’t heard of this.
Especially since he doesn’t explicitly own Amazon, of which Twitch is a subsidiary