this post was submitted on 07 Nov 2026
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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Oof
there we go, that was thier plan all along.
Isn't their debt rating basically junk bind status? If so, they won't be included in any pension funds
“our IPO will be supported by the people we are forcing to buy it’ is definitely a vote of confidence and not at all ominous
do IPOs go automatically straight into index funds? i thought they had to be added upon approval
Typically yes. But when there’s shenanigans involved….
¯\_(ツ)_/¯
It depends on the index! "Equal weight in the largest five banks in Lithuania" is an index. "500 large American companies chosen from a list of candidates by a selection committee in NYCt" is an index. "Every company on the Tokyo Stock Exchange" is an index.
I thought some would only do it after a year or so too to prevent these types of shenanigans too.