• 4 Posts
  • 259 Comments
Joined 3 years ago
cake
Cake day: July 8th, 2023

help-circle








  • 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.









  • Jesus, they are sprinting to kill the Internet before others do rather than offering an alternative.

    This centralizes information, decisions, and removes humans from the web. Shitty website? Poor writing? Illiterate population? No penalty, someone else’s AI will summarize it for your victims users. You can just insert someone else’s AI token you can buy that shares content that some other AI told you is “optimized” and when the AI summarizes itll be something users respond to or engage with. Just like short form video, it doesn’t mean it’s correct, true, useful, insightful, complex or wise, but as long as they come back and stay on the treadmill who cares?

    Also, when your innovation is akin to “ShakeWeight” you want to go back to the drawing board…