Birdwatch Note Rating
2025-01-13 18:20:28 UTC - NOT_HELPFUL
Rated by Participant: 02C08F089875EF0A35E30A7FFA5D6910D4BE620B4AE32A01A9D07939782957C9
Participant Details
Original Note:
BlackRock does not "own" the companies in which it holds large shares. The ultimate ownership of the shares rests with the investors who have put their money into BlackRock-managed funds. Over 50% of BlackRock's AUM are sourced from individuals' retirement accounts. https://www.cnbc.com/2023/10/23/vanguard-blackrock-state-street-dont-own-major-us-corporations.html https://www.blackrock.com/us/individual/about-us/blackrock-retirement https://www.investopedia.com/articles/investing/111715/how-vanguard-index-funds-work.asp
All Note Details