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Reason: None provided.

this^^^

GDP is the market value of goods and services produced per year per country

A much better example of this "conspiracy" would be Amazon or Walmart which have 300B+ in revenue. Blackrock had $16B in revenue in 2020.

Also, Blackrock doesn't own the securities they hold them in trust for the investors and make money by charging a fee which is less than 0.4%

2 years ago
1 score
Reason: None provided.

this^^^

GDP is the market value of goods and services produced per year per country

Blackrock doesn;t own the securities its held in trust for the investors. In this example Blackrocks GDP would be their fees which are less than 0.4%

"BlackRock's Financials In FY 2020 (ended December 31, 2020), BlackRock earned $5.3 billion in net income on $16.2 billion of total revenue. As compared with FY 2019, this represents an annual increase in net income of 16.8%. Operating income for FY 2020 was $5.7 billion, up 2.6%. Revenue grew 11.5% compared to the previous year."

2 years ago
1 score
Reason: None provided.

this^^^

GDP is the market value of goods and services produced per year per country

Blackrock doesn;t own the securities its held in trust for the investors. In this example Blackrocks GDP would be their fees which are less than 0.4%

2 years ago
1 score
Reason: Original

this^^^

GDP is the market value of goods and services produced per year per country

Blackrock doesn;t own the securities its held in trust for the investors. In this example Blackrocks GDP would be their fees which are less than 0.5% (less than $45 Billion/yr)

2 years ago
1 score