All of the above companies are asset managers, not principal investors (even MS in this context). Meaning that <i>they</i> don&#x27;t benefit from a stronger Twitter, but the individual investors and pension accounts who own their ETFs and index funds do.<p>You might have a point if rich people&#x27;s investment vehicles (like hedge funds, private equity or venture funds) owned the majority of TWTR - but they don&#x27;t, as you showed.