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Also worth noting that other index providers are less principled. > Nasdaq changed its rules recently so SpaceX can join the Nasdaq 100 Index, a cohort of the
by ano-ther 4mo ago
Also worth noting that other index providers are less principled.
> Nasdaq changed its rules recently so SpaceX can join the Nasdaq 100 Index, a cohort of the largest non-financial companies listed on its exchange, in just 15 trading days, down from a three-month minimum. FTSE Russell adopted a similar approach, shortening the waiting time to five trading days
- infecto 4mo agoThere are so many indexes these days and they all have different angles. I don’t see this as being less principled and more it’s the nasdaq 100.
- misiti3780 4mo agoif i had to short 1 of the 3, it would be OpenAI
- root-parent 4mo agoThe company with the best model by far?
- ben_w 4mo agoWell, joint best. At the target market caps people are talking about, I wouldn't blame anyone who shorts all three: even if you're optimistic about the value of the tech, monetising is hard, and competition reduces profits.
- maplethorpe 4mo agoHave you tried Claude Opus 4.7
- misiti3780 4mo agoanthropic's products are much better, anthropic and google will win the AI race, we wont even be talking about OpenAI in a few years when they run out of $ or compute and get acquired. They will be remembered by their Wikipedia page(s).
- alfiedotwtf 4mo agoIf I had to short 3 things, it would first be the NASDAQ 100, followed by anything Elon, then the greenback
- boringg 4mo agoMore like its a competition to get the listing -- not dissimilar to Amazon shopping cities for its corporate base. Set up a competition and get the best deal would be my speculation on why it was done (as well as goose the demand).
- hylaride 4mo agoThere was never a competition. It was explicitly designed to get a better "deal" where they wanted to open it.
- ProjectArcturis 4mo agoYou seem to be confusing "listing" - the stock exchange where a company chooses its stock to trade (i.e. NYSE, AmEx, Nasdaq) with "indexes" - a list of stocks that is often the basis for index funds. The Nasdaq 100 is not the same as Nasdaq. A company can be in many indexes but only one listing. There may have been competition for the listing but there is not competition between indexes for inclusion.
- TazeTSchnitzel 4mo agoThe implication is that Nasdaq (company) changed the rules for the Nasdaq 100 (index) in order to get the listing on Nasdaq (stock exchange).
- johanvts 4mo agoMany companies are listed in multiple exchanges. Unilever, Shell, AstraZeneca, BP, and many more.
- matthewdgreen 4mo agoYes, it's the same principle that gets you financial advisors who push you into high-fee fund choices that earn them kickbacks. Completely understandable from the PoV of these parties' self-interest, yet entirely contrary to your own self-interest as a customer and investor.