It is hard to downplay the wealth transfer and liquidity event upcoming with the SpaceX IPO.
The rules were changed specifically for SpaceX to be included in the major indices before profitability and before extended public trading.
That means nearly half of all early SpaceX shares will be required to be bought by passive index funds (think QQQ, VOO, SPY, VTI).
The holders of these funds (401Ks, ETF holders, savers) will be auto-buying the SpaceX float, teeing up exit liquidity for Silicon Valley and Elon-adjacent insiders who own the majority of SpaceX shares and will be able to sell after 3 months.
This will be a major, major event for widening the already extreme wealth gap between insiders/elites and the rest of the world.
When will people understand that this predatory pricing model will always be true of anything coming out of Silicon Valley? It is literally their only model. 1. Operate at a loss so everyone signs up 2. Wipe out competitors 3. Slam users with profane monopolistic costs
Another reason for why good public transportation is necessary is because old people need to be able to get around safely, without being in danger and without endangering other people
Good reminder that neither RFK nor anyone else in his cohort actually thinks elite higher education is bad. They think you are gullible enough to think they think that, however
Arizona wastes an extraordinary amount of water growing alfalfa in the literal desert. It's ~27% of the state's total water use.
This is extremely uneconomical, and if farmers were forced to to pay anything close to the actual value of that water, it would disappear overnight.
it is absurd pandering but they also know they are pandering to people who 1.) vote most often and 2.) conceive of themselves as the ur-voter, who cannot be wrong.
The Trump administration is now telling people who entered the country legally to “go home” and apply for green cards there. These are immigrants already legally working in the United States.
It was never about illegal immigration.
The biggest bullshit move by DHS in its history. So everyone on a O1 or H1B visa would have to stop working legally in the US, go back to their country and wait for years of backlog? This includes top scientists in our universities, founders of billion dollar companies (at least 3 just in our portfolio would be affected by the way). And if we look at individual countries it becomes even more bs. Indians would have to wait decades. Russians don’t have anywhere to go (there is no US embassy in Russia, hello?).
This is the worst imaginable way to disrupt important work for the country and pretend you’re fighting some loophole.
This is a radical change to immigration policy, forcing anyone applying for a green card to leave the country indefinitely, forget whether they have American kids, spouse, etc.
The talking point that we do want legal immigration, we just want people to get in line and follow the rules, is BS. This is an attempt to blow up the line, blow up the rules, and make it insanely difficult to immigrate legally.
The instant he lost his seat, Cassidy began standing up for things he’s known all along were right. Profiles in cowardice, through all the ranks of the GOP.
This was so obvious given ALL of his past behavior and yet when Dems pointed it out, it was basically just brushed off as a 'hysterical' distraction from important issues (Joe Biden Old).
And now the obvious is happening and the media reaction is like 'wow, can't believe it!'
it's genuinely crazy that Elon got free reign to do the exact thing that every "just cut spending" dipshit has wanted to do for decades, it failed catastrophically, and they're still running the exact same script like nothing happened
One of the things that negated the Trump corruption charges before the election was that every manosphere podcast, Joe Rogan especially, just obsessively talked about Nancy Pelosi and Hunter Biden.
Anytime I tried to talk to my friend who listen to all that garbage (and voted for Trump), it would just be "what about Nancy Pelosi stock portfolio/ Hunter Biden Ukraine job."
still not quite over the fact that i watched 15 year olds get sued for millions of dollars for downloading twelve songs and now we all have to accept AI slop because every tech company in the known universe decided that IP laws don't exist now that they're inconvenient for them
Trump looting almost $2 billion from the government coffers to pay his supporters is one of the largest scandals in US history.
But our press is so beaten down and the public has become so fatigued by his constant criminality that it's barely a news story.
Or, you can listen to what people are saying about how it’s unfair to students to deskill them and reduce their capacity to think and create instead of inventing a fantasy argument about secret jealousy to call morally repugnant.