15 Jan 2021
The move for state governments to divest their pension funds of Big Tech stocks gathered momentum on Wednesday when Maury County Mayor Andy Ogles called on the Tennessee General Assembly to consider legislation along the lines proposed by a state legislator in Florida on Tuesday.
“I write today to ask that you order the immediate divestment of any Florida-held equity and debt of the following companies: Facebook, Twitter, Amazon, Apple, and Alphabet (Google),” State Rep. Randy Fine (R-Melbourne Beach) said in a letter sent to Florida Gov. Ron DeSantis, a Republican on Tuesday.
The state of Florida has $200 billion under management by the Florida State Board of Administration.