Coded Artist @coded_artist@gameliberty.club

Celebrate Pride Month

>How is that...legal...

it's actually the law that they have to buy it...most 401ks are heavily invested in etfs or mutual funds that mimic the SP500 or whatever... and those fubnds are basically obligated to just buy whatever is the largest market cap companies by law...so since spacex will be a top 10 company in whatever index...then by law it will be bought by these funds...

tbh...if you have one of these passive index funds...you're already mostly just investing in nvida anyway...hard for me to have sympathy...

Index funds didn't do this, NASDAQ changed the rules so that SpaceX would list with them. Because index funds buy... the index, if SpaceX is automatically listed at the IPO price, they're forced to buy shares.

Yes, this is bad and yes, there are more BS IPOs on the way
https://www.forbes.com/sites/garthfriesen/2026/04/25/s...

what the fuck? How is SpaceX "forcing" 401Ks and retirement funds to buy their IPO? How is that even fucking legal?

Also apparently if you buy into the IPO you waive all rights to sue the company.

hyperluddite nazmao eatyourneighbouralism

since pride month is imminent

in Lvov, Ukraine, locals free a man kidnapped by the military press gangers