News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
BlackRock and BlackStone are two separate companies people.
Both are evil, but very differently
Weyland yutani, omni consumer products, and viridian dynamics: also different companies. Explain the difference.
Invest in BlackRock, your money is used to buy up stocks and bonds. In fact, buy shares in an iShares ETF and you're part of the famous BlackRock cabal.
BlackRock has been controversial for many legitimate reasons as well, but in recent years the biggest one has been ESG efforts ("environmental, social and corporate governance"), due to which they're now referred to as.... woke??? Several states stopped doing business with them because of their advocacy against fossil fuels. Florida pulled 2 billion invested with them because of ESG. Also, apparently they're all Jews and caused COVID.
The legitimate reasons for which they're controversial include the fact that their funds own large shares in literally everything. See healthy competition among publicly traded companies in the US by some miracle? BlackRock still owns a large percent of all of them. Or rather, BlackRock funds do. Again, these are mainly ETFs (exchange-traded funds), anyone can buy into them and own a piece of those pies. BlackRock owns things fairly passively.
Blackstone is different. They also have diverse investments from insurance to entertainment where they usually invest directly in companies, but they're controversial for their real estate investments. They own tens of thousands of single family homes and apartments in the US and during COVID made news for buying SFHs above market value so they could buy up entire neighborhoods to ensure people couldn't buy homes in those neighborhoods and would have to rent from them. They have a bunch of commercial real estate too, but that's not as controversial, since it's not actively removing homes from the market. If you travel at all, you're essentially guaranteed to have stayed at some Blackstone owned hotel at one point or another.
Ah and extra fun fact: While BlackRock is the bigger company these days, it's actually a former subsidiary of Blackstone.
TL;DR: BlackRock owns a bit of everything, or rather profits from everything from holdings that their customers own through their funds. Blackstone actively buys up shit you need to live.
To be fair, your fun fact undermines the point you're trying to make. "Former subsidiary" of a conglomerate so vast and pervasive in its reach, it's above every law across the globe, and think some paper declaring their separation is legit, much less binding? C'mon, man. Ferreal? 🤷🏽♂️
To be fair, this was all over 30 years ago. Blackstone doesn't make it into the top 10 of the owners list of BlackRock these days. Started with 50% stake owned by Blackstone, then reduced a bit later, and in 1994, they had a falling out, and Blackstone sold its remaining stake, which the CEO obviously regretted later on, given that BlackRock is now bigger than Blackstone.
Fun fact, what they fell out over, was the fact that BlackRock CEO Larry Fink wanted to give new hires some equity in order to poach top talent and Blackstone CEO Stephen Schwarzman didn't want to give up any more equity.
Blackstone CEO Schwarzman is now a big Trump supporter and even an advisor, at least during his first presidency. BlackRock CEO Fink is criticized for wokeness by right-wing politicians, because he wants his company's investments to be sustainable.
Both are ridiculously large corporations that shouldn't be allowed to exist, both have investments in shady companies. But you tell me which is worse.
BlackRock gets more media attention purely because it's bigger. Blackstone's business strategies are more sinister.
Fair points all. They're still the same parasite, it just budded.
If by "the same parasite" you mean capitalism, then yes, absolutely. Otherwise, nah, they're pretty different. Different owners, different investment classes, etc. The one that gets less attention is far more actively evil than the one that all the conspiracy theories are about.
I hear you, but there are people literally confusing the two with specificity.
But also, from the article:
You can't trick me into reading the AvP books a second time!
What about a third?
Well, maybe not the entire series...
They're the same picture.