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Wealth & Economics > Who's gonna control Facebook?

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message 1: by Nik (new)

Nik Krasno | 13437 comments Ok, so Mark waived the plan to perpetuate his control over Facebook, while he gradually sells his stock:
Institutional investors already own over 70% of Face and it may well be that it won't have individual owner association: .
Who's gonna end up owning this and other giants, assuming Facebook is able to secure its positions? Will we have the same funds and investment management corporations, like BlackRock, Vanguard and others that already have considerable stocks in Face, Alphabet (Google), Microsoft, Amazon and so on owning most of these giants?

message 2: by Philip (new)

Philip (phenweb) It's inevitable that they will. Of course lots of other investors own stock in those organisations even if that is via various other funds. We probably all own a little bit without realising.

On the horizon though is a conflict with large governments. They are finally realising they have little control over these mega-corporations and may yet decide to step in via various controls over tax, security etc.

message 3: by Nik (new)

Nik Krasno | 13437 comments Philip wrote: "On the horizon though is a conflict with large governments.."

Then governments too may turn into corporations -:) Very limited liability is already there, as well as top businessmen chairing many high positions

message 4: by J.J. (new)

J.J. Mainor | 2144 comments You joke, but in 2008 when the US bailed-out the banks, they assumed some control over them. When we bailed out the auto industry, the government took a share of the companies in return. Something we generally don't consider is that state pension plans can sometimes be the largest shareholders in public companies, giving them a degree of control if the state ever decides to exert it. In fact, we've had a couple states ban their plans from owning stock in any company that decides to participate in Trump's border wall construction should that ever move forward. It would force certain companies to rethink their business decisions if they want government investment, but that is one example of governments flexing their financial muscle onto private business.

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