Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
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Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.
Business Insider (www.businessinsider.com)
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Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.
Business Insider (www.businessinsider.com)
A classic example of a "long squeeze" instead of the usual "short squeeze".
Getting into a big index means lots of forced buys from index funds.
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R relay@relay.infosec.exchange shared this topic
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Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.
Business Insider (www.businessinsider.com)
@MissConstrue
After the next meltdown there will be tons of hand-wringing "What can we do to improve faith in markets?" just like in 2008.History rhymes for sure.
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Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.
Business Insider (www.businessinsider.com)
@MissConstrue if we had a functioning regulatory system someone would be suing to prevent these bloated IPO's from getting listed.
But there is plenty of time for an economic crisis before this process completes.
And I fervently hope that the AI barons get folded by it at the absolute worst time for them; right before they pass their giant pile of liability on to the indexed masses.
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@MissConstrue if we had a functioning regulatory system someone would be suing to prevent these bloated IPO's from getting listed.
But there is plenty of time for an economic crisis before this process completes.
And I fervently hope that the AI barons get folded by it at the absolute worst time for them; right before they pass their giant pile of liability on to the indexed masses.
@laprice I’d be willing to stand as plaintiff if a white shoe attorney wants to take the case pro bono. As an index holder, I think I’d have standing.
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Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.
Business Insider (www.businessinsider.com)
Elmo's SpaceX flotation should be the death of the NASDAQ stock index fund.
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Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.
Business Insider (www.businessinsider.com)
@MissConstrue not looking for specific financial advice, but is there some way to rebalance a typical 401k or index fund to dodge being a bagholder for these companies or are we all "just kinda stuck"?
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@MissConstrue not looking for specific financial advice, but is there some way to rebalance a typical 401k or index fund to dodge being a bagholder for these companies or are we all "just kinda stuck"?
@shredder7579 Qualify: I’m not a financial advisor, but as I understand it, passive index is forced to buy shares in any stock listed in the 100.
That’s why changing the rules to allow a company that will be 95% privately held to be jammed into every index portfolio is a massive risk to the entire market.
Spacex ipo is coming in a valuation that exceed all other military contractors combined. A bigger cap that all of coke, Pepsi, frito, nestle, et al, combined.
The SpaceX IPO is expected to be the largest in history, with a targeted valuation between $1.75 trillion and $2 trillion, placing it among the world’s top 10 most valuable companies by market cap. At a $1.75 trillion valuation, SpaceX would rank 8th globally, surpassing companies like Meta, Tesla, and Broadcom, and exceeding Saudi Aramco’s $1.7 trillion IPO in 2019.
For a company valued at 1000x earnings. A company that has never made a profit. It’s bugfuck insane. It’s pure grift.
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Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.
Business Insider (www.businessinsider.com)
@MissConstrue Casual Finance video on the topic was quite enlightening - https://youtube.com/watch?v=-X6YzlY_8tM
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Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.
Business Insider (www.businessinsider.com)
@MissConstrue
Who would have known the financialization of savings due to fiat being at an astoundingly high cost to laborers would be manipulated even more than it already is. This is an extension of the corrupted banking system being shoved down your throat. Opt out, buy a small farm or Ethereum or gold or a dog. Literally anything other than stocks. -
@MissConstrue
Who would have known the financialization of savings due to fiat being at an astoundingly high cost to laborers would be manipulated even more than it already is. This is an extension of the corrupted banking system being shoved down your throat. Opt out, buy a small farm or Ethereum or gold or a dog. Literally anything other than stocks.@unqualifiedtechbros @MissConstrue
Yeah. Giving your money to an environmental group sounds like a better long-term financial investment than the stock market -
Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.
Business Insider (www.businessinsider.com)
@MissConstrue joke is on them, I am a milennial, retirement was never an option.
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R relay@relay.an.exchange shared this topic
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Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.
Business Insider (www.businessinsider.com)
@MissConstrue ok now once enough poor peoples money can be tied up in these scams and once more taxpayer money can be secured to bail out the scams... the crash everyone is rubbing their hands gleefully to come will be here... guess who will not be affected by it at all? the ones running the scams.
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A classic example of a "long squeeze" instead of the usual "short squeeze".
Getting into a big index means lots of forced buys from index funds.
That's definitely the downside of index funds--everyone knows what the fund has to buy before it buys.
Still better off with asset class funds even though S&P 500 is usually one of the asset classes. -
Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.
Business Insider (www.businessinsider.com)
@MissConstrue If they want to be priced in to indexes in 15 days, versus just 90 (not that long in business world), doesn’t that make the 75 day window of money movement suspect? Actionable?
Like why rewrite rules for 75 days shorter unless the game is in that 75 days?
As everything tech is over over over leveraged, to Enron structure status, is the shoot the moon, no honor among thieves, cash grab the smart play for the chaos class? Even while it ends the game?
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@shredder7579 Qualify: I’m not a financial advisor, but as I understand it, passive index is forced to buy shares in any stock listed in the 100.
That’s why changing the rules to allow a company that will be 95% privately held to be jammed into every index portfolio is a massive risk to the entire market.
Spacex ipo is coming in a valuation that exceed all other military contractors combined. A bigger cap that all of coke, Pepsi, frito, nestle, et al, combined.
The SpaceX IPO is expected to be the largest in history, with a targeted valuation between $1.75 trillion and $2 trillion, placing it among the world’s top 10 most valuable companies by market cap. At a $1.75 trillion valuation, SpaceX would rank 8th globally, surpassing companies like Meta, Tesla, and Broadcom, and exceeding Saudi Aramco’s $1.7 trillion IPO in 2019.
For a company valued at 1000x earnings. A company that has never made a profit. It’s bugfuck insane. It’s pure grift.
@MissConstrue @shredder7579 Why would NASDAQ-100 rules affect funds benchmarked to other indices, though?
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@MissConstrue If they want to be priced in to indexes in 15 days, versus just 90 (not that long in business world), doesn’t that make the 75 day window of money movement suspect? Actionable?
Like why rewrite rules for 75 days shorter unless the game is in that 75 days?
As everything tech is over over over leveraged, to Enron structure status, is the shoot the moon, no honor among thieves, cash grab the smart play for the chaos class? Even while it ends the game?
@MissConstrue just fuel to speculative fire..
Musk filed space x ipo May 20. He lost decision to openAI/Altman on May 18.
If Musk is set on revenge, and if he can tie the entire market to an albatross (space x), by bending safeguards to forever bull expectation (maybe he really does believe that AI is an existential human threat, and his moral framework (like Bond villains) lines up), the push from tenuous to unsustainable for tech demand/supply loop/exposure would torpedo market.
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That's definitely the downside of index funds--everyone knows what the fund has to buy before it buys.
Still better off with asset class funds even though S&P 500 is usually one of the asset classes.Some kinds of index funds; not all.
That's why I use a total market index fund which is allowed to sample based on float.
Also "tilt" index funds, specializing in small-cap value and international small, to get away from the Magnificent 7 that dominate US markets.
All index funds, just not subject to this kind of shenanigans.
Defending the Weekend Portfolio Even More
Trump continues to antagonize the world at large, and weaken America’s fiscal posture with destructive tax cuts. Some international leaders are threatening a sell-off in US Treasury bonds. Here’s our (small) defensive reaction in the Weekend Portfolio.
(www.someweekendreading.blog)
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@shredder7579 Qualify: I’m not a financial advisor, but as I understand it, passive index is forced to buy shares in any stock listed in the 100.
That’s why changing the rules to allow a company that will be 95% privately held to be jammed into every index portfolio is a massive risk to the entire market.
Spacex ipo is coming in a valuation that exceed all other military contractors combined. A bigger cap that all of coke, Pepsi, frito, nestle, et al, combined.
The SpaceX IPO is expected to be the largest in history, with a targeted valuation between $1.75 trillion and $2 trillion, placing it among the world’s top 10 most valuable companies by market cap. At a $1.75 trillion valuation, SpaceX would rank 8th globally, surpassing companies like Meta, Tesla, and Broadcom, and exceeding Saudi Aramco’s $1.7 trillion IPO in 2019.
For a company valued at 1000x earnings. A company that has never made a profit. It’s bugfuck insane. It’s pure grift.
Index funds buy stock in proportion to market cap. The larger companies are supposed to be established and stable, but clearly not here.
If I were a fund manager, I would keep the 3 month waiting period as a rule for my fund even if the index doesn't. -
Some kinds of index funds; not all.
That's why I use a total market index fund which is allowed to sample based on float.
Also "tilt" index funds, specializing in small-cap value and international small, to get away from the Magnificent 7 that dominate US markets.
All index funds, just not subject to this kind of shenanigans.
Defending the Weekend Portfolio Even More
Trump continues to antagonize the world at large, and weaken America’s fiscal posture with destructive tax cuts. Some international leaders are threatening a sell-off in US Treasury bonds. Here’s our (small) defensive reaction in the Weekend Portfolio.
(www.someweekendreading.blog)
That's good.
