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OpenAI to confidentially file for IPO as soon as Friday (www.cnbc.com)
submitted 4 months ago by to c/technology@lemmy.world
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[–] 12 points 4 months ago (6 children)

How can it be possible?

How in the everloving fuck can that happen?

How are the streets not running with blood?

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  • [–] 22 points 4 months ago* (5 children)

    waves hands

    Corruption.

    Fire all the regulators, find some shit to pump, get all your buddies in, have the NASDAQ make special rules for you, then everyone who bought in private sells on open when the index funds have to buy in. Many pensions may be legally forced to buy this shit to satisfy regulations.

    It's fucked. Well over 100x revenue multiples at IPO. They just filled their S1.

    The market makers are turning index funds into 2008's CDOs.

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  • [–] 5 points 4 months ago (4 children)

    Which is insane. CDOs were crazy, but fucking index funds is batshit insane levels of evil. Not just corruption, but all out treason.

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  • [–] 3 points 4 months ago (3 children)

    Yeah, I’ve been a fan of index investing for a while, but have become very sceptical of the sp500, nasdaq 100, etc. as valuations have become more concentrated.

    When so few assets make up such a large portion of the index I think it loses its diversification advantages.

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