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by l23k4
14 days ago
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>I'm sorry but you're very naive. The rules were changed because it was advantageous to SpaceX and the richest man on Earth. The rules were changed in the mid-90s because of a significant amount of big IPOs which did not have a reasonable path to profitability. That's not even close to the situation we're in right now. Both OpenAI and Anthropic are clearly solid businesses. > We especially don't know at IPO time if the company is changing the structure of the market because it's too soon. And in fact, we won't know for a couple more weeks or even years; but by that time the price will have stabilized. This is largely magical thinking. How many more weeks should I wait before $TSLA will stabilize? >And as I write this comment, I've just read that they cancelled the changes[1]. Which completely proves your last sentence wrong. Or maybe deranged Americans just turned this non-political issue into a political one, and S&P global thought this was not a hill worth literally getting shot in their office for? I don't know, that'd certainly be my primary concern in their place. Wouldn't it be yours? |
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Could you give me a link to read up on that?
> Both OpenAI and Anthropic are clearly solid businesses
Maybe you're an insider so you have more information than me; I'm not so I don't know.
> How many more weeks should I wait before $TSLA will stabilize?
TSLA is mature enough since their IPO to be included in an index.
> Or maybe deranged Americans just turned this non-political issue into a political one, and S&P global thought this was not a hill worth literally getting shot in their office for?
No, it's probably because major fund providers and other market participants (including retail) saw through the subterfuge. Indexes and providers and retail investors have nothing to gain from the former proposed changes. It was very obviously a play by SpaceX to force passive investors to buy into the stock, therefore pumping the price up.