553
SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes (townflex.com)
submitted 2 months ago by to c/technology@lemmy.world
105 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 87 points 2 months ago (3 children)

It's a GOOD thing Illegal Immigrant Elon Musk FORCED YOU to Invest in this Company with your Retirement Accounts!

  • permalink
  • fedilink
  • source
  • hideshow 3 child comments
    •
  • [–] 17 points 2 months ago* (1 child)

    A very interesting point.

    Your retirement account has to follow some rules, for example to buy large ETFs. Large ETFs have to follow stock indexes. Stock indexes have to include "big" companies.

    So when a big AND inflated company comes along, makes it into the index, and then deflates, you all are screwed automatically and by all the rules.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 21 points 2 months ago

    To prevent this, there were rules in place that stipulated that a reasonable time had to pass for a new company to enter the index after IPO. Strangely, they scrapped that rule just before this one...

  • permalink
  • fedilink
  • source
  • parent