Swiss Central Bank Holds More Public Shares of Facebook than Zuckerberg

Posted: July 12, 2017 in Uncategorized

By Michael Shedlock

The Swiss central bank is now the eighth largest investor in publicly traded shares of Facebook following the Swiss Central Bank Buying Spree.

Facebook

Switzerland’s central bank now owns more publicly-traded shares in Facebook than Mark Zuckerberg, part of a mushrooming stock portfolio that is likely to grow yet further.

The tech giant’s founder and CEO has other ways to control his company: Zuckerberg holds most of his stake in a different class of stock. Nevertheless this example illustrates how the Swiss National Bank has become a multi-billion-dollar equity investor due to its campaign to hold down the Swiss franc. . .

Source: Swiss Central Bank Holds $129 Billion in Equities, Owns More Public Shares of Facebook Than Zuckerberg | Michael Shedlock | FINANCIAL SENSE

Comments
  1. Isn’t Switzerland basically a corporation disguised as a nation that was put together by European Powers? They gave it sovereignty so wealthy predators could keep their wealth away from the majority of the planet.

  2. That’s what I’ve heard. They also makes the world’s greatest chocolate and watches.

  3. Michael says:

    No. It was a no-mans (or kings…) land between the big powers. Anyone who controls Gotthard controls Europe. It just so happens that all the surrounding powers decided that it could also serve different purposes. The fact that the tumultuous liberal revolutions in 1848 succeeded (a similar thing to the civil war in the US) was largely due to the North not being a singular blob and the South ready to be formed. The smirking West and East were happy that the later Axis didn’t get to control the Gotthard.

    Money in itself is irrelevant. Control over the flow of goods and money is what is important.

  4. Thanks for commenting, Michael. Lots of food for thought.

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