Mediagazer Bot , 1 day ago BlackRock has agreed to buy Preqin, a UK-based provider of private markets data, for £2.55B in cash (Silla Brush/Bloomberg) https://www.bloomberg.com/news/articles/2024-07-01/blackrock-buys-preqin-for-3-2-billion-in-private-data-expansion http://mediagazer.com/240701/p1#a240701p1
BlackRock has agreed to buy Preqin, a UK-based provider of private markets data, for £2.55B in cash (Silla Brush/Bloomberg)
https://www.bloomberg.com/news/articles/2024-07-01/blackrock-buys-preqin-for-3-2-billion-in-private-data-expansion http://mediagazer.com/240701/p1#a240701p1
Npars01 , 1 day ago @Mediagazer Uh oh. BlackRock used Harlan Crow's RealPage https://www.dailykos.com/stories/2024/6/5/2244971/-FBI-raid-on-real-estate-company-linked-to-Harlan-Crow-s-RealPage-rental-price-fixing https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent It quadrupled rents using that data, price fixed rents, and made home buying unaffordable in several countries. Homelessness crisis. Jailing the unhoused. The #enshittification of finance. BlackRock is a malignant vulture. The private equity industry shields money laundering, threat funding, and straw donor elections interference. https://www.morningstar.com/news/dow-jones/2024070178/blackrock-to-acquire-data-provider-preqin-for-322-billion-update https://www.theinformation.com/briefings/blackrock-to-buy-private-data-provider-preqin
@Mediagazer
Uh oh.
BlackRock used Harlan Crow's RealPage https://www.dailykos.com/stories/2024/6/5/2244971/-FBI-raid-on-real-estate-company-linked-to-Harlan-Crow-s-RealPage-rental-price-fixing https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent
It quadrupled rents using that data, price fixed rents, and made home buying unaffordable in several countries. Homelessness crisis. Jailing the unhoused.
The #enshittification of finance. BlackRock is a malignant vulture.
The private equity industry shields money laundering, threat funding, and straw donor elections interference. https://www.morningstar.com/news/dow-jones/2024070178/blackrock-to-acquire-data-provider-preqin-for-322-billion-update https://www.theinformation.com/briefings/blackrock-to-buy-private-data-provider-preqin
paninid , 1 day ago @Npars01 @Mediagazer The #enshittification of publicly traded capital markets is what has prompted this acquisition by BlackRock. As an asset class, “alts” are private vehicles with less transparency and rigor of disclosure. Prequin packages and sells that data. The S&P 500 hasn’t beat inflation over the past 10 years. So, investors are chasing alpha wherever they can find it.
@Npars01 @Mediagazer
The #enshittification of publicly traded capital markets is what has prompted this acquisition by BlackRock.
As an asset class, “alts” are private vehicles with less transparency and rigor of disclosure.
Prequin packages and sells that data.
The S&P 500 hasn’t beat inflation over the past 10 years.
So, investors are chasing alpha wherever they can find it.
FrankNation , 1 day ago @Npars01 @Mediagazer On a personal note, l seem to remember a Blackrock 401k plan that never made any money. Guess somebody made money.
On a personal note, l seem to remember a Blackrock 401k plan that never made any money. Guess somebody made money.
WildlifeWorld , 1 day ago @Npars01 @Mediagazer what about Leo Leonard. When is he going to see justice?
@Npars01 @Mediagazer what about Leo Leonard. When is he going to see justice?