Hook

Their other posts in the index, biggest breakout first.
Why do all companies secretly own each other behind the scenes? Mr. Krabs is an executive running Coca-Cola, but he has a giant problem. Across the streets sits his biggest competitor, Pepsi. Every year they spend millions on advertisements, attack ads fighting each other, fighting for shelf space, battle for customers. Everyone is watching. But Mr. Krabs knows something dangerous. If the fight ever becomes real, everybody, both lose. If he cuts prices to steal customers, Pepsi will cut prices too. Then Coca-Cola cuts prices again, and before long, both companies are selling their go-drinks for less money than it takes to produce it. So, who benefits? Krabs starts asking a strange question. If competition is so good for customers, why is it so bad for the companies who own the companies? That's where Blackrock comes in. The real power isn't always sitting inside the company. Sometimes it's sitting above it. So instead of focusing on the logos, he starts looking at the shareholder list. And that's where things get weird. The same giant investment firm keeps appearing again and again. Coca-Cola, Pepsi, Burger King. Investor owned. Coca-Cola, Pepsi, Burger King, McDonald's, Airlines, Banks, Pharmaceutical, Media companies. Because money is spread across every major player. It matters less which brand captures the customer, and more that the same top owners keep the CEO and suddenly, the market looks different. The advertisements look different. The rivalries look different. The public arguments between brands look different. Because while consumers focus on the battle happening at ground level, the ownership structure exists several floors above the fight. And that ownership structure is almost invisible. The deeper he looks, the more one question keeps appearing. Who competes? The same investor has stakes across entire industries. Who's actually competing? Whom? The brands may fight. The advertisements, each public argument. Executives may argue on television, but the bigger story, the ownership map tells a much more complicated story. And once you start looking who owns the owners, a new question appears. Who owns who? Follow for more.