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Looks like SpaceX are the Taco Bell lettuce (lemmy.ml)

submitted 4 days ago by cm0002@literature.cafe to c/funny@sh.itjust.works

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[–] MrShankles@lemmy.world 2 points 2 days ago (1 children)

if most folks just used the target fund for their retirement date then they'll probably end up with some SPCX

Sooo... most folks got their 401k's dragged into an unstable IPO, because the rules changed to allow it after only 15 days? Idk, that sounds like some "trickle up" shit to me. Am I missing something, honestly? It seems predatory and wrong, to my laymen ass understanding

[–] historicaldocuments@lemmy.world 1 points 2 days ago

I don't know enough about specifically what the NASDAQ did with their rules to speak to it, but I will say there's a whole lot of "we never had to make a rule about X before because we never thought anyone would do X" going around.