Wow, I had tried submitting the same video but you have beaten me to it! Upvoted, hope that this reaches the main discourse of the site.

Personally, I have been a john bogle/passive investing fan after reading some books about investing and I always thought that they were a nice aggregate but the corruption within the nasdaq and s&p to bypass their own laws or bend their laws for these private corporations is bad

I saw some comments in the video like: " As an existing private holder of SpaceX - heck yeah I want an IPO, brilliant exit opportunity. As a retail client - ain't no way I am gonna be left holding that bag, no thanks! "

Since Index funds investors are forced to buy things in Index funds, this is gonna be just an exit strategy for these private companies and we would be just left holding the bags

People within the comments are feeling like they have lost faith within the institutional markets (a bit myself included)

I feel like a bubble will come which will impact a lot of us as these IPO happens.

(this isn't financial advice), I will look more towards semi passive investing funds like dimensional, more than anything, it is to prevent grift like this from taking place. These private companies are essentially grifting the passive index fund and its investors.

I am really pissed at a lot of things right now, Corruption and hype seems to be the only two things people are caring about. I genuinely wonder what humanity will think looking back in these moments, It's a somewhat depressing thought.

John Bogle (rest in peace) would be extremely displeased by all of this if he was alive. The world might start losing faith within the institutional investments due to these events further increasing the gap between rich and poor and the people who lose from all of these would be normal people and that impact, even if not direct, will indirectly hurt the normal public the most rather than these billionaires who make money from these mechanisms.