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Blackstone is an absolutely massive, global company. Would you expect an article to also describe what Netflix is any time they talk about them?
To an extent, yes. "Video streaming giant Netflix" would suffice.
The obfuscation is on purpose. The media (which, I must remind you, is all completely owned by the billionaire class) is afraid that in telling you who and what Blackstone is, there will be cheering for the death of this person instead of remorse. This is due to the whiplash they experienced in reporting on the death of that healthcare CEO back in December.
Expect more of the same kind of reporting going forward if/when a capitalist dies from misfortune.
Are you for real?
Yes, that's literally taught in a high school level journalism class. Assume your reader has never heard of things before and give a quick, concise description of them. And then after giving the facts, if it's super relevant to the story, give a detailed description of them.
For example. "Video streaming giant Netflix announced today that it's going to be raising prices again. Subscribers can expect to see the new prices starting this fall. Base level subscribers yada yada yada...
Netflix rose to prominence with mail order DVDs, competing with rising prices and return fees from Blockbuster video, a brick and mortar video rental service. Netflix pioneered the streaming model yada yada yada"
Back to reddit, ~~tankie~~ troll.
autocorrect is my nemesis