1,984 karma · joined December 20, 2016
Complete lack of judgment from whoever made this change happen
It seems that's what exactly what they did? Except also called the police which seems the responsible thing to do when dropping drunk kids off somewhere
His net worth is orders of magnitude bigger than the cumulative profits his companies have ever produced (even if you only count the profitable quarters)
There were not enough shares actually trading for the index funds to fulfill their requirements that's why the price keeps going up
Brokers told retail they couldn't participate in future IPOs if they sell, funds have 15 days to get a hold of a certain percent of their holdings worth of shares, but it's more than there are available. So the shares that are available are going have to keep going up until they are worth the total amount that all the funds based on Nasdaq 100 need in their holdings.
This was designed to be a like a massive short squeeze right out of the gate, tons of forced demand chasing very few shares available.
Maybe it can be a teleportation company? Imagine the TAM for that.
I feel second hand embarrassment for all the bankers and analysts who have felt the need to pump this
These 2 have always been very pragmatic. They compete in an area or two but there is also a lot of money flowing both ways.