Birdwatch Note Rating
2025-03-29 18:47:28 UTC - HELPFUL
Rated by Participant: F0B19E9986ABB1B7BAFD459978E40162FB49BA60AF1A56576F5FF2789E1EF4A5
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