Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : A Real American President: Donald Trump -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (345341)	4/16/2022 12:21:12 PM
From: Honey_Bee	Read Replies (2) \| Respond to of 455272

That would be my guess too, John. I would be very surprised if the Vanguard Group as an entity decided to take a political position and "buy Twitter." If anyone has evidence of it, I'd be interested in seeing it.

To: John Carragher who wrote (345341)	4/16/2022 12:59:26 PM
From: Honey_Bee	3 Recommendations Recommended By kckip Woody_Nickels zoltaneering Read Replies (4) \| Respond to of 455272

So John, please read this - ditto others (SrK?) and share your opinion. It was published day before yesterday. Is it slanted by the author, or does it reveal that Vanguard Group DID take a political position? As John Chen sometimes says, asking for a fiend: Elon Musk Is No Longer Twitter’s Largest Shareholder (wsj.com) While Elon Musk is trying to buy Twitter Inc., he’s no longer the company’s largest shareholder. Funds held by Vanguard Group recently upped their stake in the social-media platform, making the asset manager Twitter’s largest shareholder and bumping Mr. Musk out of the top spot. Vanguard disclosed on April 8 that it now owns 82.4 million shares of Twitter, or 10.3% of the company, according to the most recent publicly available filings with the U.S. Securities and Exchange Commission. The asset-manager increased its stake in the company at some point during the first quarter, according to the filings. Vanguard’s holdings are now worth $3.78 billion, based on Twitter stock’s closing price on Wednesday. That’s enough to knock Mr. Musk off the perch as Twitter’s largest shareholder, according to FactSet. Vanguard isn't making a directional bet on Twitter. Instead, the majority of its assets are in index and other so-called passive funds. The firm often sides with management on voting issues and doesn’t advocate for changes like a hedge fund or activist investor might. Mr. Musk initially disclosed a stake in Twitter earlier this month of almost 73.5 million shares, but a day later his disclosed stake dropped to 73.1 million shares, or 9.1% of the company. The position momentarily made him the largest shareholder in the company. Vanguard previously reported owning 67.2 million shares of Twitter or about 8.4% of the company as of the end of December, according to FactSet. Vanguard declined to comment. Mr. Musk along with former Twitter Chief Executive Jack Dorsey, who is number seven on the list, are the only individuals among the top 10 shareholders in the company. The rest of the spots are occupied by financial institutions.