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A comment on Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop. Parent comment

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by dan-robertson on Thursday January 28, 2021 @12:09PM (#25944985)
BlackRock hold everything. It doesn’t really mean anything to say that they hold a lot of shares in some particular company. You might as well have just written “GameStop is a publicly traded US company” and one would deduce that BlackRock owns a lot of shares in it.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by the_local_host on Thursday January 28, 2021 @12:12PM (#25945026)
BlackRock had 13% of GameStop. That's more consistent with taking a real stake than just happening to own it along with a piece of everything else.

https://www.reuters.com/article/us-blackrock-investment-game...

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by MichaelDickens on Thursday January 28, 2021 @01:27PM (#25946447)
BlackRock owns a similar % of the entire market, so this isn't too surprising. BlackRock has about $9 trillion AUM, and the global stock market is worth around $100 trillion. (Not all of that $9 trillion is stocks, but BlackRock still owns a notable percentage of the total stock market.)
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by m4eta on Thursday January 28, 2021 @12:12PM (#25945043)
Linkedin is your friend. A lot of top people came from Blackrock. lol.
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