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RE: Facebook Becoming The Second Most Powerful Financial Institution?

in Threespeak4 years ago

I don’t know if it would be. Companies like BlackRock and Vanguard own majority shares in so many of the companies, with board members being shared on them. They might not have the liquidity or anything to get listed in that manner but they are one of the biggest and most centralized when it comes to having power over trillions of dollars.

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Zuckerberg has a major advantage: he owns a majority of the FB stock. His board has no power over him.

He is the show at Facebook. What he wants, goes.

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