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https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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So that's why nasdaq is changing their rules for SpaceX IPO?
Yep!
Your retirement fund is his exit liquidity, and you likely can't do shit about this, because that's how easy it is to just fully mask off the US economy/political/legal system as a wealth raping machine.
These problems, this kind of potential has like, always been there.
But normalcy bias is a hell of a drug, I guess.
Its the most obvious con, fraud, ever.
But its all the systems around making that into a fraud you cannot very easily opt out of, once your see how obvious it is... that's the clever part.
I suspect Musk did it first and now that guy wants in on the scam too
That guy actually loses out if Musk et al fuck up Nasdaq. Blackrock makes money from management fees and those decrease when the fund's value goes down.
But BlackRock also has Chinese index funds so that'll make up for the shortfall, he doesn't really give a fuck if the US wins the "AI race" or not.
Only that fuck from nvidia cares, if US wins they sell more chips. If they loose they have competition. Fortunately China just announced a new chip technology "projected to deliver capabilities comparable to 1.4-nanometer process technology by 2031" so we'll eventually have competition to bring down prices.