ryan cooper @ryanlcooper.com · May 15

anyway there's basically a Wall Street conspiracy to force all the institutional investors, index funds etc to buy this turd by rigging the index rules. though of course "owning" a share gives you no control whatsoever over the company, Elon keeps that

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Replies

TheBrett · May 17

The thing that extra worries me is that this potentially makes him - and SpaceX - Too Big to Fail. If he drives the company into the ground, expect a lot of wailing and gnashing of teeth from the Financial Sector, plus demands that it get bailed out to save index funds and so forth.

eldemocrato · May 23

Any list of the indices that have to buy this junk? That needs to make the rounds.

ryan cooper · May 15

by way of comparison Elon's target valuation is close to that of Saudi Aramco (the Saudi state owned oil company). while SpaceX made negative 5 billion in profit last year, that company made $105 billion www.aramco.com/en/news-medi...

Not Particularly Anonymous · May 15

There's no reason for dual share classes to exist for publicly traded companies. Need to be banned. Awful from both a capitalist and socialist perspective. The CA wealth tax using control is a nice bonus, but need far more than that.