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I imagine as businesses move away from NY and SF, they want their stock exchange to move with them, and for similar reasons.
by philipallstar 1y ago
I imagine as businesses move away from NY and SF, they want their stock exchange to move with them, and for similar reasons.
- jcranmer 1y agoAs far as I'm aware, all of the major exchanges in the US are in NY or in Chicago, and even then, Chicago is mostly just futures exchanges for commodities and not stock exchanges. So unless you're headquartered in NYC (which most companies listed on NYSE/NASDAQ are not), you're already not working with a stock exchange in the same area as you, and failing to collocate the stock exchange isn't really a detriment. (Interestingly, even historically, when stock exchanges were more plentiful in the country, there just doesn't seem to have been much demand for a stock exchange on the west coast at all.) The main reason to move away from the NYSE or NASDAQ is if you don't like the rules those stock exchanges have.
- tsunamifury 1y agoScams. The answer you are looking for is scams and fraud
- thinkingtoilet 1y agoWhy would businesses want to move away from the 4th largest economy in the world to less successful states?
- rafram 1y ago40% lower labor costs, 60% political posturing.
- xadhominemx 1y agoI’m sure all their infrastructure and probably the majority of their employees will be in the NYC metro area.
- shortrounddev2 1y agoTheres a lot of reasons people will list (cultural, cost of living, quality of life) but the real answer is 1. Texas is a corrupt state and you can bribe your way in to power 2. No income tax
- kstrauser 1y agoAnd yet, it’ll be inevitably be seen as the Dollar Store stock exchange. “Well, we IPOed!” “Congratulations!” “…in Texas.” “Do you need to use me as a reference?”