this post was submitted on 12 Oct 2023
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Asklemmy
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Just naming a company isn't particularly useful. Some context would be great, so others can hate the company too. ๐ซ
They just own everything. Literally everything.
They are an asset management company not a tech company though.
One specifically bad thing about BlackRock is them buying up huge swaths of single family homes which increases prices and makes it more difficult for anyone to own property. Then they rent them out to people after they were not capable of getting a mortgage.
But BlackRock is absolutely enormous so that is just a drop in the bucket of what they do.