• nosuchanon
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    1 day ago

    Every single person with a retirement fund that invests in index funds will be forced to buy into it.

    They change the listing rules from a minimum of three months of trading on the open market to 15 days. There is no discovery, and Elon Musk already set the initial opening price at $135.

    These are highly unusual circumstances. Genuinely curious if open AI and anthropic follow the same model, forced adoption of their IPO into index funds.

    I think there was recently a video of Larry Fink saying how AI is going to be funded by everyone’s retirement and pension fund so this seems to be the obvious test run. Wall Street will mint the first trillionaire and steal everyone’s retirement to pay for AI surveillance data centers in the name of safety security and technological advancements that our military industrial complex can more efficiently and without any morals kill everyone they don’t like all over the world.

        • Kairos@lemmy.today
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          18 hours ago

          I know. I just like to point out when people say the price of an index like it means anything. Market cap is actually useful. It’s like saying “oil is $100” with no context as if every single person in the world is taught what the “barrel” unit is at birth.