• Knasen@lemmy.world
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    6 months ago

    How practically does the voting take place and what’s the conditions for being able to participate?

    I know you need to be a shareholder but amounts of stock and/or do you need to be a shareholder for xyz amount of days prior and so on?

    I would gladly buy stock and vote against it just because he needs to be taken off his high horses but I’m not familiar enough with US stock market procedures to know how it’s being done and what rules apply.

    • Aurenkin@sh.itjust.works
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      6 months ago

      The company I buy stocks through emailed me a link to a form. I think they use some 3rd party service to do it. Then I just answer a bunch of multiple choice questions. I’m still fairly new to the whole thing but I believe your votes are weighted based on how many shares you hold, I don’t know if there’s a minimum amount before you’re able to vote.

      • Knasen@lemmy.world
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        6 months ago

        Thanks, I checked with my brokers and apparently it’s not customary to be able to participate in voting in US companies when I looked in their faq.

        Did a quick search and apparently Mr Megalomaniac has threatened to sue alot of European broker firms if they don’t look in to allowing it so they will according to news articles.

        Sent their customer support each a question what the status was on the matter.

        Will gladly buy stock just to vote No on the matter.

    • set_secret@lemmy.world
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      6 months ago

      I only have like 15 shares and i got the link to vote (Australian) i love how they give you a board recommendation for each question (spoiler it’s always in favour of Elons interests) it felt good 5o vote againts him for everything, even though it will clearly have next to no weight.