The Stupids Who Funded BLM

If you're a shareholder in any of these outfits, keep up with the news.  You may have a lawsuit to bring against The Stupids who 'manage' your company.

First, a bit of background.

The leader of the national Black Lives Matter group has been accused of stealing more than $10 million from the charity’s donors.

Black Lives Matter Grassroots, a nonprofit group that represents local BLM chapters across the country, accused the BLM Global Network Foundation and its board secretary, Shalomyah Bowers, in a lawsuit Thursday of fraudulently siphoning over $10 million in “fees” to Bowers’s consulting firm. The lawsuit, which was filed in Los Angeles Superior Court, says Bowers treated the BLM Global Network Foundation as his “personal piggy bank” and has acted as a “rogue administrator” and “middle man turned usurper.”

The BLM Global Network Foundation represents the national BLM movement and was the entity that received over $90 million in the wake of George Floyd’s police killing in the summer of 2020....

No, that's not all.  IRS has been knocking on BLM's door, and even the Tides Foundation (!!!!) has cut off disbursements to that outfit.

Now, then.  Which companies threw money into the personal-housing account called "Black Lives Matter"?

... Google has committed $12 million, while both Facebook and Amazon are donating $10 million to various groups that fight against racial injustice. Apple is pledging a whopping $100 million...

 Walmart announced that it will contribute $100 million over five years...

 Square Enix announced a $250,000 donation 

 Gaming company Ubisoft tweeted that the company will donate $100,000 to the NAACP and Black Lives Matter organization

Etsy announced  a total contribution of $1 million in an Instagram post. The company is donating $500,000 to the Equal Justice Initiative and $500,000 to the Borealis Philanthropy's Black-Led Movement Fund...

Not ALL those moneys are going directly to BLM; some are going to BLM subsidiaries and perhaps other (legitimate) minority-oriented charities and projects.

Should a prudent shareholder ask for lots more information?  You be the judge.