I personally think the ownership structure, while technically correct is kind of a red herring. Its the advertisement dollar that controls the media, and if you trace that you will see that all the media gets most of their bucks from the Big Pharma.
The likely reason that Vanguard and BlackRock appear as largest owners is that they hold the shares in “street name” ie for the benefit of millions of individual investors who have accounts at Vanguard or BlackRock. This is the common way of titling ownership. Most do not ever receive a share certificate in their individual name as in the past.
My question is: What stops them from just invalidating GME as a stock to get themselves out of this? One day you could go to look at your portfolio and GME isn’t there anymore, like it never existed. All the banks could go along with it, and all of Wall Street. Sure people on the Internet would complain but they would just call them conspiracy theorists and the stock had to be invalidated because “muh threat to democracy” or whatever. Lawsuits would be filed but judges could just say no standing and throw them out. They’ve already done this with elections and peer-reviewed medicine and anything else they want to control, so what protects GME?
I purchased a few shares myself but to be honest, I don’t expect the bank to actually honor those purchases.
BlackRock and Vanguard own majority shares in nearly everything.
I've recently come to this realization.
I personally think the ownership structure, while technically correct is kind of a red herring. Its the advertisement dollar that controls the media, and if you trace that you will see that all the media gets most of their bucks from the Big Pharma.
The likely reason that Vanguard and BlackRock appear as largest owners is that they hold the shares in “street name” ie for the benefit of millions of individual investors who have accounts at Vanguard or BlackRock. This is the common way of titling ownership. Most do not ever receive a share certificate in their individual name as in the past.
And despite printing infinite money.. they're gonna go broke because of a stonk and some crypto currency.
My question is: What stops them from just invalidating GME as a stock to get themselves out of this? One day you could go to look at your portfolio and GME isn’t there anymore, like it never existed. All the banks could go along with it, and all of Wall Street. Sure people on the Internet would complain but they would just call them conspiracy theorists and the stock had to be invalidated because “muh threat to democracy” or whatever. Lawsuits would be filed but judges could just say no standing and throw them out. They’ve already done this with elections and peer-reviewed medicine and anything else they want to control, so what protects GME?
I purchased a few shares myself but to be honest, I don’t expect the bank to actually honor those purchases.
And some guy named Rick, with a bushel of bananas