RE: mefi.social/@MissConstrue/1166…
Think that Trump's slush fund is audacious because he's stealing BILLIONS? Wait till you learn how Musk is stealing TRILLIONS.
"They’ve figured out how to steal your retirement."
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
businessinsider.com/spacex-ipo…
SpaceX's mega IPO matters for all investors. Here's why.
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.Naomi Buchanan (Business Insider)

Mastodon Migration
in reply to Mastodon Migration • • •In simple terms. SpaceX is a meme stock whose fundamentals in no way justify inclusion in index funds. NASDAQ rules have been changed so that it will be included. As a result 401Ks and IRAs will automatically buy the stock, effectively giving this worthless company your money. It is the greatest grift of all time.
#SpaceX