156
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 14 Jul 2023
156 points (100.0% liked)
Technology
37208 readers
163 users here now
Rumors, happenings, and innovations in the technology sphere. If it's technological news or discussion of technology, it probably belongs here.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
To my knowledge, Reddit is owned by private companies and investors. Blackrock and Vanguard have no ownership stake, or a very small and very indirect ownership stake.
For what it’s worth, a significant percentage of every (reasonably liquid) public company on Earth is owned by Vanguard and Blackrock, because those companies manage trillions of dollars in assets (many of which are middle-class people’s retirement investments). They aren’t a conspiracy. They’re asset managers, and mostly passive managers at that.