Pretty sure he's following the rules and besides what business do you have imposing on this thread when you have nothing to contribute in terms of the conversation?
To say biggest "private equities" in the world own large portions of each other is absolutely correct. It's nitpicking to resort to technicalities of what arm of Blackrock owns what arm of Vanguard, not at all the point and it only distracts from the main point about conflicts of interest when it comes to the control of publicly traded media, NBC, CNN, newscorp (almost all media that matters) and thus suppression of free speech.
Thank you. I get a lot of this litigious attitude on Hacker News but the bad actors are either wrong or trying to instigate irrational arguments. Like someone will post something political, I’ll point out an inconsistency in their argument, so they accuse me of starting a flame war and downvote me into oblivion. There’s more opinion making, control of narrative, and group-think on this site these days. It’s weird.
BlackRock, State Street, and the Vanguard Group all own substantial shares in each other. Honestly, I feel like you're not communicating in good faith so have a good day.
> BlackRock, State Street, and the Vanguard Group all own substantial shares in each other
Not relevant to whether they’re private equity firms.
Large institutional asset managers own shares in everything publicly traded. For most of their funds, they don’t vote and have no choice as to what they buy or sell. They can’t threaten to sell because they don’t like something because that isn’t how index funds work.
They also run discretionary funds, but those funds aren’t the ones that have large holdings in either each other nor TV media outlets.
