The NAACP officially becomes a public traded company on the NYSE

AlainLocke

Banned
Joined
Dec 16, 2015
Messages
16,258
Reputation
2,675
Daps
74,028
Lets not forget the NAACP was in favor of eliminating Net Neutrality when Obama was president.

NAACP Fought Net Neutrality Until Last Week, Now Suddenly Supports The Idea
For years now we've pointed out how one of the telecom industry's sleazier lobbying tricks involves paying minority groups to parrot awful tech policy positions. That's why you'll often see groups like the "Hispanic Technology & Telecommunications Partnership" support competition-killing mergers or oppose consumer-centric policies like more cable box competition or increased wireless competition. This quid pro quo is never put into writing, so when these groups are asked why they're supporting policies that undermine their constituents, they can deny it with a wave of breathless indignation.

But this tactic remains very real, and very harmful all the same. It played a huge role in ginning up bogus support for the attack on net neutrality. AT&T and Comcast have co-opted countless minority groups in this fashion, with a lot of it coordinated through a telecom-funded organization dubbed the Multicultural Media, Telecom & Internet Council (MMTC). In short: if you want to keep the funding flowing, it's expectedthat you'll parrot telecom industry policies, even if they harm your constituents. This has been a problem for years that nobody much likes to talk about.

The NAACP has consistently been part of this problem, opposing real net neutrality protections after receiving funding from AT&T, Comcast and Verizon. The group signed off on letters opposing tough FCC rules both (pdf) times (pdf) they were proposed, often mirroring the incumbent ISP claim that tougher net neutrality rules would hamstring ISP efforts to expand broadband availability into poor communities (utterly false). In other FCC filings (pdf), both the MMTC and NAACP claimed that real neutrality would damage the "fragile state of minority engagement in the digital ecosystem."
 

HarlemHottie

Uptown Thoroughbred
Joined
Jun 10, 2018
Messages
16,962
Reputation
10,419
Daps
71,244
Reppin
#ADOS
It was explained to me that the NAACP itself isn't being traded, an ETF with its name is being traded, the value of which is based on the assets owned by the ETF. Like, Blackrock has a zillion ETFs, but they're not based on the value of Blackrock itself. The value of Blackrock itself is shown in its stock price.

Still sus tho. :mjpls:
 

Warren Moon

Superstar
Supporter
Joined
Jun 1, 2014
Messages
8,656
Reputation
760
Daps
25,585
It was explained to me that the NAACP itself isn't being traded, an ETF with its name is being traded, the value of which is based on the assets owned by the ETF. Like, Blackrock has a zillion ETFs, but they're not based on the value of Blackrock itself. The value of Blackrock itself is shown in its stock price.

Still sus tho. :mjpls:

This is actually genius.

Currently there are ETF’s that incorporate certain religious (Christianity and Jewish) companies into the etf. Even tho it’s not explicitly said, that’s how it’s sold.

NAACP is doing the same thing, helping/encouraging black companies to go public, while minimizing their risk bc they’re bundled with other companies.


:salute: I fully support this, we struggle with going public as the majority shareholders. They’re providing somewhat of a cushion for this process. :myman:
 

xoxodede

Superstar
Joined
Aug 6, 2015
Messages
11,054
Reputation
9,230
Daps
51,556
Reppin
Michigan/Atlanta
smhp.gif
 
Top