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Exiting the market. Not abandoning the factories. They will be retooled for AI market, which is more profitable. This is like developers shifting from building
by hammock 11mo ago
Exiting the market. Not abandoning the factories. They will be retooled for AI market, which is more profitable.
This is like developers shifting from building homes targeted at homeowners to building build-to-rent neighborhoods for Blackrock and company xD
- sakompella 11mo agonotably, Blackrock doesn't actually have any stake in housing. Plenty of other private equity firms do, of course.
- adolph 11mo agoHave you ever confused BlackRock with Blackstone? Despite their similar sounding names, these two financial powerhouses represent distinct approaches to investment management. https://www.investing.com/academy/trading/blackrock-vs-blackstone/ https://www.investing.com/academy/trading/blackrock-vs-black... Major news organizations and sector researchers describe the claim as unfounded and often rooted in confusion between BlackRock Inc. and the private-equity firm Blackstone Inc. https://en.wikipedia.org/wiki/BlackRock_house-buying_conspiracy_theory https://en.wikipedia.org/wiki/BlackRock_house-buying_conspir...
- hammock 11mo agoThanks boss, they were the same company for a while and then got spun off. There is so much confusion that AI even has a hard time keeping them straight if you aren’t careful. Anyway it doesn’t matter the name for the purpose of my argument. And lol at “unfounded conspiracy theory” it’s only a “conspiracy” that Blackrock is buying homes (crucially, no one is actually suggesting that, except the people who are confused between Blackrock and Blackstone), because Blackstone definitely is buying homes.