4 ms·

I am really curious for what reason they choose to do it? Like what is in for Nasdaq?

by _ink_ 3mo ago

Forgeties79 3mo ago
I mean we know why
throw1234567891 3mo ago
The president may throw a tantrum that “some crazy democrat throws stones under the feet of that beautiful Elon, the most beautiful Elon we ever had”. Better do what the new Tzar wants. Dude was sent here apparently by the God, don’t mess with the God.
- ar_lan 3mo ago
  I thought Elon and Trump broke up?
  - throw1234567891 3mo ago
    Have they? Maybe some spacex investor is the “most beautiful we ever had”.
  - e40 3mo ago
    People like that are never friends. It’s a relationship of convenience and power exchange. The public riff was because Elon got upset over something and threw a tantrum. Some think the index deal was in exchange for Elon helping fund the midterm battle. Scott Galloway, for example.
- riffraff 3mo ago
  Musk and Trump had a pretty public break up, I think this is one fuckup where we shouldn't blame him.
  - CamperBob2 3mo ago
    https://en.wikipedia.org/wiki/Kayfabe https://en.wikipedia.org/wiki/Kayfabe
    - deleted 3mo ago
      [deleted]
  - throw1234567891 3mo ago
    Maybe Trump has money in it. Who needs friends when you have money. “It’s just business”. No idea, I don’t really follow this soap drama.
  - reaperducer 3mo ago
    You're six months out of date. They're buds again.
Ekaros 3mo ago
Getting a very popular stock on their exchange. Directly making money from it.
- lokar 3mo ago
  Yes. This was a deal: add us to the index and we will list on your exchange.
- fluoridation 3mo ago
  But on the other hand, it burns trust to change the rules on the fly.
  - rkuodys 3mo ago
    I think that is the problem with concentrated markets. You can do whatever and younare actually never "punished" by the market. Ie market htpothesis does not work
jkaptur 3mo ago
Putting cynicism aside (there's plenty of that here already): there is a theory that people invest in index funds because they don't want to pick individual stocks. They want exposure to "the public stock market as a whole". I think there are good arguments on both sides of including SpaceX in such an index.
- moffkalast 3mo ago
  Oh come on, that's a view so charitable that not even Musk giving away all of his wealth would come close. Pretty much everybody know what it was about on day one, brokers were (and still are) operating in blatant bad faith for personal gain and they know they can count on the current US administration to get off scot free. It's like if Jordan Belfort was in charge of Nasdaq.

I am really curious for what reason they choose to do it? Like what is in for Nasdaq?

by _ink_ 3mo ago

I am really curious for what reason they choose to do it? Like what is in for Nasdaq?

Forgeties79 3mo ago

I mean we know why

throw1234567891 3mo ago

The president may throw a tantrum that “some crazy democrat throws stones under the feet of that beautiful Elon, the most beautiful Elon we ever had”. Better do what the new Tzar wants. Dude was sent here apparently by the God, don’t mess with the God.

ar_lan 3mo ago
I thought Elon and Trump broke up?
- throw1234567891 3mo ago
  Have they? Maybe some spacex investor is the “most beautiful we ever had”.
- e40 3mo ago
  People like that are never friends. It’s a relationship of convenience and power exchange. The public riff was because Elon got upset over something and threw a tantrum. Some think the index deal was in exchange for Elon helping fund the midterm battle. Scott Galloway, for example.
riffraff 3mo ago
Musk and Trump had a pretty public break up, I think this is one fuckup where we shouldn't blame him.
- CamperBob2 3mo ago
  https://en.wikipedia.org/wiki/Kayfabe https://en.wikipedia.org/wiki/Kayfabe
  - deleted 3mo ago
    [deleted]
- throw1234567891 3mo ago
  Maybe Trump has money in it. Who needs friends when you have money. “It’s just business”. No idea, I don’t really follow this soap drama.
- reaperducer 3mo ago
  You're six months out of date. They're buds again.

Ekaros 3mo ago

Getting a very popular stock on their exchange. Directly making money from it.

lokar 3mo ago
Yes. This was a deal: add us to the index and we will list on your exchange.
fluoridation 3mo ago
But on the other hand, it burns trust to change the rules on the fly.
- rkuodys 3mo ago
  I think that is the problem with concentrated markets. You can do whatever and younare actually never "punished" by the market. Ie market htpothesis does not work

jkaptur 3mo ago

Putting cynicism aside (there's plenty of that here already): there is a theory that people invest in index funds because they don't want to pick individual stocks. They want exposure to "the public stock market as a whole". I think there are good arguments on both sides of including SpaceX in such an index.

moffkalast 3mo ago
Oh come on, that's a view so charitable that not even Musk giving away all of his wealth would come close. Pretty much everybody know what it was about on day one, brokers were (and still are) operating in blatant bad faith for personal gain and they know they can count on the current US administration to get off scot free. It's like if Jordan Belfort was in charge of Nasdaq.