ACTION: Call your financial manager about SpaceX IPO ASAP
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More Background: The Verge | SpaceX IPO is great for Elon Musk and terrible for you
“The likelihood the shares wind up in many people’s retirement accounts means that if SpaceX fails, the people who get hit are not the wised-up early investors but basically a bunch of normal people, the ones who can least afford it."
https://www.theverge.com/ai-artificial-intelligence/940001/elon-musk-spacex-ipo-ai
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SOP for modern IPO, seems like.
Post-pump-and-dump era, where fleecing is now normalized.
IPO was considered a badge of failure long ago. Then it was normalized (and actually kind of worked for claimed purposes).
I guess we're on a continuum of evolution
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SOP for modern IPO, seems like.
Post-pump-and-dump era, where fleecing is now normalized.
IPO was considered a badge of failure long ago. Then it was normalized (and actually kind of worked for claimed purposes).
I guess we're on a continuum of evolution
This is indeed the mother of all pump and dumps, with the additional flourish that they are simply taking your money.
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More Backgound: Patrick Boyle | SpaceX Lost $37 Billion. Now It Wants Your Pension
For a great really deep dive that will leave you fuming...
https://www.youtube.com/watch?v=IHD8BDFYyGI
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More Background: The Danes are having none of this...
https://mastodon.online/@mastodonmigration/116671401657197824
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This is indeed the mother of all pump and dumps, with the additional flourish that they are simply taking your money.
Novel by nakidity.
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More Background: How Not to Buy SpaceX Stock (It’s Harder Than You Think)
"If Elon Musk’s new public offering of SpaceX stock was an appealing investment, he would let investors make our own decisions about buying it. Instead, with the help of the NASDAQ stock exchange, he is sneaking it into our retirement accounts whether we want it or not."
https://cranberries.medium.com/how-not-to-buy-spacex-stock-its-harder-than-you-think-a37610cb8bd3
Free link: https://archive.is/71GCn (thanks Molly B @mjibrower !!!)
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@mastodonmigration (I ran into a subscriber wall, but here's a non-subscriber link: https://archive.is/71GCn)
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Novel by nakidity.
Indeed.
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ACTION: Call your financial manager about SpaceX IPO ASAP
Background: SpaceX has filed to go public at a grossly overvalued $1.8 Trillion. The fundamentals in no way justify inclusion in index funds, BUT NASDAQ rules were CHANGED so that it will be included. As a result 401Ks and IRAs will AUTOMATICALLY buy the stock, giving this worthless company your money. It is the greatest grift of all time.
To Do: Contact your financial firm immediately. More below...
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@mastodonmigration This is truly bizarre indeed.. saw it a few days ago
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ACTION: Call your financial manager about SpaceX IPO ASAP
Background: SpaceX has filed to go public at a grossly overvalued $1.8 Trillion. The fundamentals in no way justify inclusion in index funds, BUT NASDAQ rules were CHANGED so that it will be included. As a result 401Ks and IRAs will AUTOMATICALLY buy the stock, giving this worthless company your money. It is the greatest grift of all time.
To Do: Contact your financial firm immediately. More below...
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@mastodonmigration Another reason why I have always refused to buy index funds.
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ACTION: Call your financial manager about SpaceX IPO ASAP
Background: SpaceX has filed to go public at a grossly overvalued $1.8 Trillion. The fundamentals in no way justify inclusion in index funds, BUT NASDAQ rules were CHANGED so that it will be included. As a result 401Ks and IRAs will AUTOMATICALLY buy the stock, giving this worthless company your money. It is the greatest grift of all time.
To Do: Contact your financial firm immediately. More below...
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@mastodonmigration The USA is a blight on civilization
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More Background: How Not to Buy SpaceX Stock (It’s Harder Than You Think)
"If Elon Musk’s new public offering of SpaceX stock was an appealing investment, he would let investors make our own decisions about buying it. Instead, with the help of the NASDAQ stock exchange, he is sneaking it into our retirement accounts whether we want it or not."
https://cranberries.medium.com/how-not-to-buy-spacex-stock-its-harder-than-you-think-a37610cb8bd3
Free link: https://archive.is/71GCn (thanks Molly B @mjibrower !!!)
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When you sell shit, you have to force people to buy it. It's the antithesis of capitalism's obsession with competition, in theory if not in practice.
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When you sell shit, you have to force people to buy it. It's the antithesis of capitalism's obsession with competition, in theory if not in practice.
Good way to put it.
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ACTION: Call your financial manager about SpaceX IPO ASAP
Background: SpaceX has filed to go public at a grossly overvalued $1.8 Trillion. The fundamentals in no way justify inclusion in index funds, BUT NASDAQ rules were CHANGED so that it will be included. As a result 401Ks and IRAs will AUTOMATICALLY buy the stock, giving this worthless company your money. It is the greatest grift of all time.
To Do: Contact your financial firm immediately. More below...
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@mastodonmigration
I know it sounds radical but you can also move your funds (including 401k) to a money market account. At least until this shakes out and you can make rational decisions based on data.
Also note if you are invested in a "social justice fund" ...better check it. Most are already filled with META, Alphabet and all the other "tech firms" that are the complete opposite of social justicy things. I rolled mine into a money market with a query similar to what Mastodon Migration suggests. -
ACTION: Call your financial manager about SpaceX IPO ASAP
Background: SpaceX has filed to go public at a grossly overvalued $1.8 Trillion. The fundamentals in no way justify inclusion in index funds, BUT NASDAQ rules were CHANGED so that it will be included. As a result 401Ks and IRAs will AUTOMATICALLY buy the stock, giving this worthless company your money. It is the greatest grift of all time.
To Do: Contact your financial firm immediately. More below...
1/
@mastodonmigration Tesla is very over valued as well.
I'd value SpaceX at 90 billion tops this is not chump change it's half of Boeing. -
ACTION: Call your financial manager about SpaceX IPO ASAP
Background: SpaceX has filed to go public at a grossly overvalued $1.8 Trillion. The fundamentals in no way justify inclusion in index funds, BUT NASDAQ rules were CHANGED so that it will be included. As a result 401Ks and IRAs will AUTOMATICALLY buy the stock, giving this worthless company your money. It is the greatest grift of all time.
To Do: Contact your financial firm immediately. More below...
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@mastodonmigration @Pinchy63 In Canada?
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@mastodonmigration Tesla is very over valued as well.
I'd value SpaceX at 90 billion tops this is not chump change it's half of Boeing.What is interesting is that this perversion of the marketplace, that is, the forced acquisition by index funds, is what in effect artificially, and perhaps momentarily, creates the incredibly inflated valuation. To put it otherwise, the certainty that there will be a huge amount of buying, no matter how inflated the valuation, is what enables insiders to price it so high. It is a completely artificial construct.
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ACTION: Call your financial manager about SpaceX IPO ASAP
Background: SpaceX has filed to go public at a grossly overvalued $1.8 Trillion. The fundamentals in no way justify inclusion in index funds, BUT NASDAQ rules were CHANGED so that it will be included. As a result 401Ks and IRAs will AUTOMATICALLY buy the stock, giving this worthless company your money. It is the greatest grift of all time.
To Do: Contact your financial firm immediately. More below...
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@mastodonmigration it would be nice to have a NASDAQ -1 index... Or -8.... Something that excludes all the AI scam companies
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@chertridge @mastodonmigration do you have the name for it? I had seen people were considering it, but had not seen an actual fund
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More Background: The Danes are having none of this...
https://mastodon.online/@mastodonmigration/116671401657197824
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@mastodonmigration “Grossly overvalued with catastrophic governance” could also apply to the entire U.S. economy
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What is interesting is that this perversion of the marketplace, that is, the forced acquisition by index funds, is what in effect artificially, and perhaps momentarily, creates the incredibly inflated valuation. To put it otherwise, the certainty that there will be a huge amount of buying, no matter how inflated the valuation, is what enables insiders to price it so high. It is a completely artificial construct.
@mastodonmigration It's been going on for a while with app companys with no profit being valued in the billions but now it's just gone crazy like tulips in the 17th century.
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More Background: The Danes are having none of this...
https://mastodon.online/@mastodonmigration/116671401657197824
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@mastodonmigration
Elmo just got
