Birdwatch Note Rating
2024-01-17 09:37:03 UTC - NOT_HELPFUL
Rated by Participant: E121C9B3D710A805EE32C6A0445B3E2924B896BDF3CBC43EA89B106A55C6773D
Participant Details
Original Note:
These are misleading claims. No one firm or company owns the entire stock market. Vanguard & Blackrock manage investor funds. They don't "control" these funds in the sense of ownership. These companies own these shares on behalf of their investors, mainly through index funds https://www.cnbc.com/2023/10/23/vanguard-blackrock-state-street-dont-own-major-us-corporations.html https://www.investopedia.com/articles/investing/111715/how-vanguard-index-funds-work.asp
All Note Details