As the Washington Times pointed out fake news gun activist David Hogg’s attempted advertiser boycott of Fox News Channel’s Laura Ingraham backfired. Now, he’s going after the gun manufacturer Smith & Wesson and its capital backers. Hogg tweeted about five investment companies, calling for investors “to boycott BlackRock Inc and The Vanguard Group, two of the world’s largest investment management companies, over their holdings in gun companies,” Newsweek reports. BlackRock and Vanguard are two of the largest managers of exchange traded funds, and are the largest owners of publicly traded firearms manufacturers, including Storm Ruger and American Outdoor Brands.
— David Hogg (@davidhogg111) April 17, 2018
According to the Times, the conservative author of Shut up and Sing “lost nearly 30 advertisers since a boycott against her show launched March 29, but those who held firm are benefiting from a ratings windfall. Data compiled by the media watchdog News Busters shows a jump from 2.23 million viewers prior to Mr. Hogg’s campaign to 2.7 million since her return from a vacation.”
Her show, the Ingraham Angle, continues to dominate overall ratings. Her show recently had a ratings high and was No. 1 in cable news with 4.7 million total viewers and 1,174,000 in the 25- to 54-year-old demographic.
According to Newseek, BlackRock stated that it would create new funds for investors who wish to avoid holding stocks in gun manufacturers and “will hold discussions with gun manufacturers about their businesses.”
Last month, BlackRock removed retailers that sell guns from some of its exchange-traded funds, and still declines to comment on Hogg’s tweets.
The company also said that investors can put money in a “social fund” that excludes gun manufacturers. It said in a statement:
Importantly, Vanguard is taking action, meeting with the leaders of gun manufacturers and distributors. We want to know how they will mitigate the risks that their products pose and how they plan to help prevent such tragedies from happening again.
We believe that when a business poses a risk to society, it can also pose a risk to investors. We are expressing this viewpoint directly with company leaders because we believe greater focus and transparency on these issues will ultimately benefit society and investors alike.
Unfortunately, these companies don’t appear to understand or care about the Second Amendment.
I’m so tired of the propaganda and liberal insanity that I just joined the NRA. You should too, law-abiding, Constitution-supporting citizens should too even if they don’t own a gun.