Birdwatch Note Rating
2024-12-21 03:45:10 UTC - HELPFUL
Rated by Participant: 00ED4256B3F722AFE98A6A1195F764F1D63D7685A3BE4A18C80DE9F34EA78F6A
Participant Details
Original Note:
BlackRock does not technically "own" the companies in which it holds large shares. Instead, it owns those shares on behalf of its clients. The ultimate ownership of the shares rests with the investors who have put their money into BlackRock-managed 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