Money
NASDAQ and Russell Change Index Rules to Fast-Track Mega-Cap IPOs, Raising Manipulation Concerns
Tom Bilyeu Impact Theory
The Real Reason Elon Is A Trillionaire Has Nothing To Do With Greed — It Has To Do With Your Savings
"This year, NASDAQ and the Russell changed that rule. They built a fast lane so mega-cap companies like SpaceX can get added in weeks instead of a year. One Wall Street veteran, George Noble, called the change a shameless manipulation of the index."
Major stock indexes have eliminated the traditional one-year waiting period before adding newly public companies, creating a fast lane specifically for mega-cap firms like SpaceX. Critics warn this forces index funds to automatically buy untested stocks at inflated prices, potentially setting up retail investors as exit liquidity for insiders while the S&P 500 has refused to make similar changes.
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Tom Bilyeu Impact Theory