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OpenAI to confidentially file for IPO as soon as Friday
(www.cnbc.com)
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this post was submitted on 21 May 2026
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How can it be possible?
How in the everloving fuck can that happen?
How are the streets not running with blood?
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.
Which is insane. CDOs were crazy, but fucking index funds is batshit insane levels of evil. Not just corruption, but all out treason.
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.
This is why I use international index funds primarily. Small cap is also a solid hedge
I think the US indexes still make up 15% of my portfolio.
AI is making stocks go up, so your saving can go bye bye