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A comment on BlackRock suffers $1.7T loss in 6 months: Worlds largest asset manager. Parent comment

Re:BlackRock suffers $1.7T loss in 6 months: Worlds largest ... by 2malaq on Thursday July 21, 2022 @05:21AM (#32177258)
Genuine question; If they're competitors, why is Vanguard Blackrock's biggest shareholder?[0] Is this the norm? Or is there a link between the two? (I don't know anything about the stock market)

[0] https://finance.yahoo.com/quote/BLK/holders?p=BLK

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Re:BlackRock suffers $1.7T loss in 6 months: Worlds largest ... by Bostonian on Thursday July 21, 2022 @09:30AM (#32179103)
Vanguard is probably biggest shareholder of many companies, because the index funds it runs are huge.
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Re:BlackRock suffers $1.7T loss in 6 months: Worlds largest ... by vba616 on Thursday July 21, 2022 @07:47PM (#32186709)
The second largest shareholder of Blackrock, appears to be Blackrock, notice?

How do you think it is that Blackrock only owns 6.79% of Blackrock?

When you figure that out, you will have achieved enlightenment and be able to answer your original question.

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