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>The plan is to rapidly drive these prices up in the first 15 days, get the companies listed in the NASDAQ so funds are forced to purchase them at higher prices
by exabrial 5mo ago
>The plan is to rapidly drive these prices up in the first 15 days, get the companies listed in the NASDAQ so funds are forced to purchase them at higher prices, then leave retirement accounts holding the bag.
Dumb question: why couldn't retirement accounts simply not purchase these?
- QuotedForTruth 5mo agoThese funds don’t invest actively (picking individual stocks). Instead they invest in indexes that track larger portions of the market. So they’ll automatically buy once the company is listed on the NASDAQ.
- Avicebron 5mo agoWhy do I imagine that no one whose retirement account is about to get smoked is in place to make decisions about whether or not this is a good investment
- delecti 5mo agoThe point of that kind of account is that most people aren't in a place to make decisions about what is or isn't a good investment.
- moregrist 5mo agoSeems like there should be a market for a no-Elon/OpenAI/Anthropic ETF out there. Or one that just imposes a reasonable waiting period on adding newly-IPO’d listings.