[tyre]

Yeah you can’t go into this with any expectations or later complaints. Everyone knows at this point that he’s going to do whatever the fuck he wants. If you give him money, that’s what it’s for.

I say this entirely neutrally. Some people want to invest in that—and he’s made a boatload of money for those who have thus far!—while others find it insane.

But you don’t get to buy into this and complain.

[kurthr]

If you have ETFs or index tracking funds in your 401k you're going to buy it. In fact, you'll buy more of it than is going on sale. Since they only need to issue 5% of the stock for it to show up as a 20% market cap in the QQQ index and tracking funds own over 20% of the market, they pretty much have to buy all the shares. Welcome to market manipulation 101.

[fauchletenerum]

It's only being added to the Nasdaq 100, not the SP500, and only a very small number of people have their 401K tied to the Nasdaq

Edit: Actually, I didn't realize that it's being added to MSCI, so I was wrong: https://www.reuters.com/business/media-telecom/msci-confirms...

[ac29]

Any sane index will float adjust their holdings