Investing

[Deleterious]

Plus it would give the bottom half more money to buy junk on Amazon they don't need.

 

[Deleterious]

 

[gehringer_2]

1 hour ago, Deleterious said:

Plus it would give the bottom half more money to buy junk on Amazon they don't need.

 

without doing more research than I have time for right now, does his comment about the lower 50% paying 3% of taxes count only the Income tax or FICA (plus the employer contribution) as well because that could be significant difference in that %

[Deleterious]

 

[Deleterious]

They released the numbers.  

I think they lost $5 billion on $18 billion in revenue, and they have a valuation of $1.75 trillion.  Holy growth stocks.

 

[gehringer_2]

11 minutes ago, Deleterious said:

They released the numbers.  

I think they lost $5 billion on $18 billion in revenue, and they have a valuation of $1.75 trillion.  Holy growth stocks.

 

nobody is going to make money on going to Mars unless it's on sweetheart contracts to really stupid US government.

....oh, wait,   nvm.

 

[Screwball]

4 hours ago, Deleterious said:

 

After hours chart porn is pretty uneventful. I don't know what that means.

In related market news, and I'm not following like I used to, but the Space X stuff - from NBC;

SpaceX confirms plans for an IPO that could make Elon Musk a trillionaire

FTA:

Quote

SpaceX’s IPO is expected to draw wide investor interest because of the company’s success in rockets and satellite-based internet — two areas where SpaceX has a wide lead over potential competitors. The IPO is expected to take place next month after a marketing period in which Musk can try to drum up further interest in the company’s stock.

Next month? Doesn't an IPO of this size take longer than that? Who's the bank? Like I said, I don't follow the casino much other than to look at the chart porn. Has this been going on for a while?

[Deleterious]

15 minutes ago, Screwball said:

After hours chart porn is pretty uneventful. I don't know what that means.

In related market news, and I'm not following like I used to, but the Space X stuff - from NBC;

SpaceX confirms plans for an IPO that could make Elon Musk a trillionaire

FTA:

Next month? Doesn't an IPO of this size take longer than that? Who's the bank? Like I said, I don't follow the casino much other than to look at the chart porn. Has this been going on for a while?

Some rules were changed/tweaked.

SpaceX to IPO on Nasdaq after index rules adjusted - reports

Quote

The new "Fast Entry" rules mean stocks can be added to the index just 15 trading days after their initial public offering (IPO), down from a historic seasoning period of three to 12 months. The seasoning period is considered an important window for stabilisation and price discovery.

With a host of blockbuster IPOs slated for the coming months - AI heavyweights OpenAI and Anthropic are expected to list this year - the Nasdaq 100 has also ditched its 10% minimum free float requirement, the proportion of a company's shares which are publicly traded.

Companies with small free floats can now be weighted up to three-times their prevailing float - a symbolic departure from the free float-adjusted market cap weighting methodology common to mainstream indices.

This will drive huge passive fund buying of SpaceX's shares shortly after IPO. Assets of around $527bn in 63 ETFs were tracking the Nasdaq 100 index as of the end of December, according to figures from ETFGI, a London-based consultancy.

 

[Screwball]

51 minutes ago, Deleterious said:

Some rules were changed/tweaked.

SpaceX to IPO on Nasdaq after index rules adjusted - reports

 

Oh my! I'm sorry I asked. The pigmen are happy once again. This is nuts. 

From my Debbie downer side, these IPO's are chasing the bubble before it blows the **** up.

For those who don't follow, from Investopedia a primer on stock float;

Understanding a Company's Float: Key Facts for Investors

Float's only a part of this but helps understand. There is all kind of stuff going on here. Once again, proud of the pigmen; the swine crook swindlers and criminals they are. But hey, they run the world. It's good to be the king.

Then I had to look. The question - who is the bank behind this?

Quote

Goldman Sachs is leading the SpaceX initial public offering as the primary, "lead-left" underwriter. They are joined by a syndicate of other major financial institutions that are underwriting the record-breaking offering. [1, 2, 3]

 

Quote

 

The full roster of banks managing the public offering includes:

• Lead-left underwriter: Goldman Sachs
• Lead underwriters / Syndicate: Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase [1, 2, 3, 4]

 

 

The usual suspects!!!!! That's ****in funny right there.

Who could have possibly saw that coming?

 

Edited 1 hour ago by Screwball