Birdwatch Note Rating
2024-03-06 06:32:55 UTC - HELPFUL
Rated by Participant: 4A7A82C0407E75345AD7D93C1642776FA62A7186D7AB1B4C24802A2077020F4F
Participant Details
Original Note:
No, BlackRock did not get $500 billion from the government in a COVID relief bill. The Fed worked with BlackRock to oversee three separate debt-buying efforts. BlackRock annual revenue for 2023 was $17.859B, making claims of receiving $500 billion impossible. https://www.macrotrends.net/stocks/charts/BLK/blackrock/revenue https://www.wsj.com/articles/fed-hires-blackrock-to-help-calm-markets-its-etf-business-wins-big-11600450267
All Note Details