Does BlackRock / Vangaurd now own Reddit? The Lobby In the House

[GNews]

Anybody know if this is true or not?

I read that since they are now publicly traded, Black Rock &/or Van Gaurd are now majority stake holders of this platform too

I know they own Youtube/Google by force of holdings

 

[JackTheFlipper]

nah they arent majority owners. vanguard and blackrock just manage massive index funds and etfs so they end up holding shares in pretty much every public company by default. its usually like 5% or 10% max, definitely not a controlling stake. same deal with google tbh. they dont really run the day to day stuff, they just hold the assets for passive investors.

 

[GNews]

nah they arent majority owners. vanguard and blackrock just manage massive index funds and etfs so they end up holding shares in pretty much every public company by default. its usually like 5% or 10% max, definitely not a controlling stake. same deal with google tbh. they dont really run the day to day stuff, they just hold the assets for passive investors.

They run it indirectly by influencing decisions or letting it be known they will pull their money.

Masterful chess players.

That's what I think.

But I wonder if they are now a big holder in reddit.

 

[Venusaur]

I guess they own almost everything in this world
Even our asses belong to BlackRock at this point

 

[curdoc]

They definitely hold shares, but I wouldn’t call them majority owners. Vanguard and BlackRock own pieces of a huge number of publicly traded companies through their funds. Having a large institutional position doesn’t automatically mean they control the company.

 

[GNews]

They definitely hold shares, but I wouldn’t call them majority owners. Vanguard and BlackRock own pieces of a huge number of publicly traded companies through their funds. Having a large institutional position doesn’t automatically mean they control the company.

You really believe that?
Would you not use your weight in a company if you had a majority share?

 

[karupoiss]

You really believe that?
Would you not use your weight in a company if you had a majority share?

But he just said they don't own the majority.

 

[GNews]

But he just said they don't own the majority.

read again. He said 'I wouldn't call them'

Either way though........................ If they are in there.. Usually they calculate the move to become a dominant factor