this post was submitted on 19 May 2026
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Run by, not owned. You see how BlackRock and Vanguard are listed as major shareholders for all big publicly traded companies? Those are actually made up mostly of retail investors buying ETFs. But you don't control the shares you own through ETFs and the companies managing the ETFs tend not to actively manage anything either. It's a combination of the other shareholders who control the board, and they might not even own a very big part of the company in reality.
Truth is, privately owned companies can be even worse than public, but public is basically guaranteed to be bad.