Birdwatch Note Rating
2025-03-28 05:03:32 UTC - HELPFUL
Rated by Participant: 76E0BE2882A361F92E96BF21D295DBCD32C9B8E4A03B0259156DEEB836C663F5
Participant Details
Original Note:
This claim seems to conflate BlackRock’s passive investments with actual ownership, which is not the case. BlackRock facilitates its clients' purchases via index funds and ETF's. - it's their clients (via retirement accounts), not BlackRock, who ultimately own the shares. https://www.cnbc.com/2023/10/23/vanguard-blackrock-state-street-dont-own-major-us-corporations.html https://www.ishares.com/us/investor-education/investment-strategies/what-is-index-investing
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