Most of “everyone” holding twitter are index funds that have absolutely no opini... | Hacker News

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		alasdair_ on April 15, 2022 \| parent \| context \| favorite \| on: Elon Musk makes $43B unsolicited bid to take Twitt... Most of “everyone” holding twitter are index funds that have absolutely no opinion on the matter whatsoever.

londons_explore on April 15, 2022 [–]

Funds vote the way the fund managers choose. And they tend to do backroom deals with other shareholders to vote a particular way, and such deals can be pretty profitable for their golfing career...

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