/biz/ - Business & Finance

https://twitter.com/tysonbrody/status/1354200204304642052
>Beyond the redditor who made 20 mil, it seems like the entity gaining the most from this GME rocket ship is none other than...BlackRock!

>Just today they disclosed owning 13% of the company, although it seems they sold 2,000,000 shares since 2020.

https://www.businessinsider.com/what-to-know-about-blackrock-larry-fink-biden-cabinet-facts-2020-12

>The world's biggest fund manager, BlackRock, has become an increasingly influential player in Washington, DC.
>The firm's global head of sustainable investing is set to head Biden's National Economic Council, and a former advisor to BlackRock Chief Executive Larry Fink will serve as a top official at Treasury.
>Meanwhile BlackRock's global chief investment strategist, who worked in the Obama administration before joining the firm, is going to be chief economic advisor to Vice President-elect Kamala Harris.

>4. The firm played a significant role in aiding the Federal Reserve this year.
>5. The Federal Reserve tapped BlackRock during the last financial crisis, too.

How does everyone here feel about one of the biggest financial institutional firms in the world, which is balls deep in the new Presidential administration and the Fed, benefitting massively from a new type of pump n dump scheme which has become something of a scandal a week after inauguration day?