Birdwatch Note Rating
2024-03-06 05:46:23 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 9D1E0669B62236D30A33C9B1C081F05A5CB33658B7154BF0A277C525FE5C0116
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