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Me_irl (lemmy.today)
submitted 4 months ago by to c/me_irl@lemmy.world
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[–] 61 points 4 months ago (3 children)

Do you have a retirement account? In that case, YOU! They bent all the rules (it bends really far if it's already broken), and now we get to fund the pump. The dump will come soon...

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  • [–] 38 points 4 months ago (2 children)

    S&P rejected the proposal last I read.

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  • [–] 33 points 4 months ago (1 child)

    12-Month "Seasoning": A company must trade publicly on a major exchange for at least 12 months. Got to wait until at least next year

    Profitability: A company must report positive GAAP net income over the most recent quarter, and over the last four quarters combined. Starlink is profitable, and the rockets are almost break even. xAI, Twitter and all the other shit means a 5bn loss

    Float Requirements: The company must have a sufficient amount of its shares available for public trading (at least 10%). SpaceX float was 4.3%. More shares need to be offered

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  • [–] 12 points 4 months ago

    Right, I guess in my limited knowledge opinion, if a company actually qualifies for an index, let them join. But don't be d te rules so Elon can write billions in debt off to Joe Taxpayer.

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