“share profit with the Executive Branch and losses with the public”
ftfy
SpaceX IPO that is being “fast tracked” for inclusion in the S&P500 is exit liquidity for the early investors and musk. Value yourself at some bullshit and force the public to buy your shares by inclusion in the most popular index fund who are required to weight their holdings based on market cap of your stock and buy shares to mirror index.if the company were so valuable and amazing with future growth prospects why would any insiders who already have pre-IPO shares want to sell? To cash out and/or de-risk is the only answer, and the general public’s retirement will fund it. It’s the same reason Trump is pushing the FTC to allow riskier assets like crypto and private investments in 401k accounts; exit liquidity for the current holders, most of whom know their investments are shit. Who better to buy them than index funds and the general public by limited choice in 401k fund options?
If any of this sounds familiar, it’s the same playbook as the great recession/“financial crisis”, when the rich elite suddenly required rescuing and backing of the US gov because their greed didn’t offer an out. Suddenly the public’s problem when they would have to take a loss.
“We’re talking about it where the American people can benefit from the success of AI. And by doing that, they’re going to like it better,”
What a fucking moron
Profits, lol.
We’ll share the profits but first you need to own the risk. Oh and we’re not going to share the profits.
What profits? AI companies are burning through money like crazy.
Trump’s statement includes the weasel-word could at a crucial position:
“There’s a concept out there, there’s so much money and it’s so big that there are concepts where pieces could be given to the American public, where the American public essentially becomes a partner with the companies,” Trump told reporters en route to an unrelated event in Wisconsin. “I have spoken to all of them.”
That’s salestalk and means nothing.
I also still don’t understand how this is anything other than going public, buying and selling shares etc.
Isn’t this how taxes work?
But their profits are negative… oh no.
When he talks about sharing profits with “The Public”, he isn’t thinking of people like you and me (he never is).
He’s thinking about himself and his friends.Fuck politico.
I read the article, and to me it still sounds like The Don is shilling for AI companies, encouraging the public to buy their stocks - nothing more.
When you didn’t think the techbros could be less trust-able…and orange turdbag somehow comes up with a way. Maybe this could make the crash happen.
“trust-able”…?
I guess he wants to show the tRump pool/skyscrapers comparison again.
