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bl8ant t1_j6dxvxr wrote

Reply to comment by GrowABrain3 in Three seconds of audio could end up costing Fox $500,000 by blaspheminCapn

Buy their stocks? The only thing I’ll ever give Fox is a Molotov cocktail.

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Due_Kaleidoscope7066 t1_j6dyixb wrote

When you buy their stock it's not really giving them money. Not directly anyhow. Unless they just happen to be the one selling the shares, but I think most companies are more interested in buying shares than selling right now (from my limited understanding).

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jawnyman t1_j6h9gka wrote

When you buy stock in Fox, it directly increases the net worth of the Murdoch Family Trust. Hard pass.

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Due_Kaleidoscope7066 t1_j6humzw wrote

I don’t think it does. Like, for example if I had 100 shares and was selling them and you bought them, you would be increasing my net worth. In a very indirect way you’re making the stock price go up (though likely a minuscule amount) and I guess that technically increases their net worth. But it only really matters if they’re selling stock after you affected the stock price.

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jawnyman t1_j6j4ioa wrote

If everyone sold their stock in Fox today it would greatly hurt the Murdoch family. They’d still have billions after selling a large position of the company, however.

Buying that stock is investing in the company and the Murdoch family. It justifies their advertising revenue and new developments and keeping the Murdochs in power. I’ve worked for the company before and I’ll never do it again. Maybe I’d work for the branch that Disney owns, but even that’s a stretch.

Rupert Murdoch is a sociopath and easily one of the worst influences on America still living today.

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Due_Kaleidoscope7066 t1_j6jff0i wrote

Definitely not arguing that the Murdoch family sucks. I guess I just don’t understand the ways in which stock price affects things like advertising revenue and new developments. Oh well, thanks for shining some light on that. :)

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nicoco3890 t1_j6glfej wrote

Dude, when you buy their stock, you force THEM to give YOU money via dividends. And you didn’t give them nothing, you just bought the stock from another trader.

Even better, if you and a band of other manages to buy 50.001% of the total stock, you are now majority shareholders and can reform Fox as the workers coop it always should have been.

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bl8ant t1_j6gxorj wrote

Keep dreaming’ kiddo. If you buy stock, you give them clout, you keep their brand alive, you justify their shit. And you’ll never get 50+% of a company like that, they are too important to the people spreading lies that keep the poor battling each other instead of coming for their heads.

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