[ncallaway]

Many IPOs slide below their initial offering.

Very few IPOs changed the rules to allow themselves to be incuded in significant indexes far faster than the rules previously allowed, and then slipped below their initial offering.

[rtkwe]

Yeah that plus wrapping the xAI dogshit debt inside SpaceX is where it gets really scummy. At least the S&P500 didn't (yet) succumb and lower their requirements and that's where most of my investment money is parked.

[rchaud]

not to mention hiding all the Twitter losses inside of xAI because AI in general loses lots of money.

[rtkwe]

I had completely forgotten they'd already wrapped xAI around Twitter. That's getting to turducken levels of nested bad companies.

There's also the Tesla (potential) self dealing where SpaceX bought a bunch of Cybertrucks and appears to be leasing them to employees for cheap as a perk.

[AbstractH24]

My gut tells me most do, but would love for someone to do some actual analysis of it.