Andy@slrpnk.net to Memes@lemmy.ml · 1 年前They can't hold out foreverslrpnk.netimagemessage-square63linkfedilinkarrow-up1532arrow-down13cross-posted to: [email protected]
arrow-up1529arrow-down1imageThey can't hold out foreverslrpnk.netAndy@slrpnk.net to Memes@lemmy.ml · 1 年前message-square63linkfedilinkcross-posted to: [email protected]
minus-squaredavel [he/him]@lemmy.mllinkfedilinkEnglisharrow-up41·1 年前Not only do BlackRock, Vanguard, and State Street own everything, they also own shares in each other. Antitrust is dead; it’s basically one big monopoly. These three firms own corporate America
minus-squareDrew@sopuli.xyzlinkfedilinkarrow-up4arrow-down1·1 年前They own most of these shares via their index funds, which do not give them controlling power on the companies
minus-squaredavel [he/him]@lemmy.mllinkfedilinkEnglisharrow-up1·1 年前Those shares are generally voting shares, giving them enormous power.
Not only do BlackRock, Vanguard, and State Street own everything, they also own shares in each other. Antitrust is dead; it’s basically one big monopoly. These three firms own corporate America
Very cool article!
They own most of these shares via their index funds, which do not give them controlling power on the companies
Those shares are generally voting shares, giving them enormous power.