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Wesley LePatner, a Blackstone executive who served as CEO of the firm's real estate income trust, was among four people killed Monday when a gunman opened fire in a Midtown Manhattan office building that houses Blackstone's global headquarters.

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[-] JokeDeity@sh.itjust.works 31 points 1 week ago

BlackRock and BlackStone are two separate companies people.

[-] captainlezbian@lemmy.world 14 points 1 week ago

Both are evil, but very differently

Weyland yutani, omni consumer products, and viridian dynamics: also different companies. Explain the difference.

[-] boonhet@sopuli.xyz 10 points 1 week ago* (last edited 1 week ago)

Invest in BlackRock, your money is used to buy up stocks and bonds. In fact, buy shares in an iShares ETF and you're part of the famous BlackRock cabal.

BlackRock has been controversial for many legitimate reasons as well, but in recent years the biggest one has been ESG efforts ("environmental, social and corporate governance"), due to which they're now referred to as.... woke??? Several states stopped doing business with them because of their advocacy against fossil fuels. Florida pulled 2 billion invested with them because of ESG. Also, apparently they're all Jews and caused COVID.

The legitimate reasons for which they're controversial include the fact that their funds own large shares in literally everything. See healthy competition among publicly traded companies in the US by some miracle? BlackRock still owns a large percent of all of them. Or rather, BlackRock funds do. Again, these are mainly ETFs (exchange-traded funds), anyone can buy into them and own a piece of those pies. BlackRock owns things fairly passively.

Blackstone is different. They also have diverse investments from insurance to entertainment where they usually invest directly in companies, but they're controversial for their real estate investments. They own tens of thousands of single family homes and apartments in the US and during COVID made news for buying SFHs above market value so they could buy up entire neighborhoods to ensure people couldn't buy homes in those neighborhoods and would have to rent from them. They have a bunch of commercial real estate too, but that's not as controversial, since it's not actively removing homes from the market. If you travel at all, you're essentially guaranteed to have stayed at some Blackstone owned hotel at one point or another.

Ah and extra fun fact: While BlackRock is the bigger company these days, it's actually a former subsidiary of Blackstone.

TL;DR: BlackRock owns a bit of everything, or rather profits from everything from holdings that their customers own through their funds. Blackstone actively buys up shit you need to live.

[-] burntbacon@discuss.tchncs.de 1 points 1 week ago

You can't trick me into reading the AvP books a second time!

[-] burntbacon@discuss.tchncs.de 1 points 1 week ago

Well, maybe not the entire series...

[-] JokeDeity@sh.itjust.works 1 points 1 week ago

I hear you, but there are people literally confusing the two with specificity.

But also, from the article:

Wesley LePatner, a Blackstone executive who served as CEO of the firm's real estate income trust, was among four ~~people~~ killed

this post was submitted on 29 Jul 2025
545 points (100.0% liked)

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