@mykola Anecdote for ya but think it’s important: I’ve had 3 separate people reach out to me this week asking how to divest from any fund that will end up holding SpaceX.
@KobeissiLetter The deal will include:
$1t fund to help rebuild Iran
Mining equipment to mine more nuclear material
$1t straight to Iranians
And will be framed as a win for America
Oh and don’t forget it will come from American taxpayers
It’s correct that shenanigans have taken place that will likely result in a lot of money flowing to SpaceX that maybe shouldn’t at this time and price. But at high end $2T and 5% float, if index funds take 24% that’s $24B/$30T and only .08%, so no 401ks are getting wrecked.
@ejc3@Gigachad11111@AugustusVi26115@xlr8harder It absolutely matters. It clearly signaled that if you have enough money you can just change the rules in your favor and dump on retail via what was supposed to be some of the last trusted products on the market. You trying to minimize it is exactly the problem. FOH.
@AugustusVi26115@xlr8harder@ejc3 I’m not gonna sit here and argue with you about if it’s overpriced or not because if it wasn’t overpriced they wouldn’t be changing the rules to get it included. You asked how it was exploitative, I answered. I hope you make some money regardless
@AugustusVi26115@xlr8harder@ejc3 It is forcing people to buy an outsized portion of a clearly overpriced stock by bending the rules. If they hadn’t forced a rule change literally no one would care. It’s exploitative because the ipo couldn’t stand on its own two feet and go through the rules like everyone else.
@Blockedhmmmm@LinkofSunshine Everything people need to live(food, shelter, transportation) has absolutely outpaced wage growth since 2020. Sure if you take CPI at face value it hasn’t, but no one can honestly say their wages have kept up with inflation in the last 5 years.
@AGoldmund Actually a lot was accomplished
It successfully distracted US citizens from the fact 90% of politicians(including the president) are pedophiles, and that they’re stealing tens of billions through insider trading and market manipulation