News

23296 readers

3752 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago

MODERATORS

rjc@lemmy.world

Thekingoflorda@lemmy.world

dezmd@lemmy.world

Tenthrow@lemmy.world

JonsJava@lemmy.world

gedaliyah@lemmy.world

Blackbeard@lemmy.world

little_cow@lemmy.world

jeffw@lemmy.world

enu@lemmy.world

367

Trump Media Stock Hit Record Low After Debate With Harris (www.barrons.com)

submitted 2 months ago by vegeta@lemmy.world to c/news@lemmy.world

14 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] friend_of_satan@lemmy.world 32 points 2 months ago (1 children)

I was really disappointed to see Vanguard listed as one of the biggest investors in Trump Media. https://finance.yahoo.com/news/blackrock-vanguard-big-purchasers-trump-231532778.html

[–] anon6789@lemmy.world 28 points 2 months ago

I'd like to add a caveat here:

From CNN: You may now own a piece of Trump Media – and not even know it

“People might be owning some of that company, whether they know it or not — and whether they like it or not,” said Sam Stovall, chief investment strategist at CFRA Research.

That said, Trump Media would only be a small part of funds that track the Russell. It would be dwarfed by the holdings of larger companies including Microsoft, Nvidia and Apple.

However, Stovall said the Trump Media situation underscores one of the disadvantages of passive investing: Some funds mimic indexes that automatically add stocks based on rules, not based on a careful evaluation of the business’s fundamental strengths and weaknesses.

“You can end up with real dogs that, in my opinion, are not really worthwhile owning. The flotsam gets swept up with the jetsam,” Stovall said.

In this case, the Russell 3000 captures the 3,000 largest US stocks. During annual updates, certain stocks are added — not necessarily because of their earnings potential or the quality of their products, but because they are large enough to qualify.

“Investors seeking to capture a strategy reflecting broad US equities performance can confidently choose the Russell 3000 knowing there are no subjective inclusion or exclusions of stocks,” according to FTSE Russell’s website.

Vanguard and other index fund owners are not choosing to buy Trump Media necessarily. Anyone holding Russell index funds or ETFs is getting stuck with it due to pumping of the stock price. Anyone owning index funds other than special ESG funds is sponsoring a lot of people they may not approve of personally, hence the conservative backlash against them.