Birdwatch Note Rating
2025-03-28 07:07:06 UTC - HELPFUL
Rated by Participant: 968F58182064F25F091A4FDF581CA00417FFDE57C4BD2A80E1A36878683A3FC9
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
All Note Details