That is one of the columns. The headline makes my point succinctly. Your paraphrase of the column misses the crucial point. A Nasdaq index fund doesn’t buy a company unless it is in the Nasdaq. Under the old rules SPCEX was ineligible for listing. Now Nasdaq index funds all have to buy. Index funds by nature do not selectively buy stocks, if the stock is in the index, they buy, that’s their mandate. That’s the game, to be included in as many indexes as possible that force institutional investors to buy. That’s hundreds of billions worth of funds that now have to buy in, that previously wouldn’t have had to if it wasn’t listed on the Nasdaq.

The SP500 did not waive the rules, and that made above the fold news this week, because it is a major blow to the big IPOs happening this month since they are valued so high. It will be harder for them to move stock if the massive index funds aren’t buying automatically. The big IPOs this month are asking for prices that demand hundreds of billions or trillions of dollars of liquidity. Index funds are automatic liquidity, but only if you are on the index.

They didn’t ask them to change long standing rules for shits and giggles.

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l23k4 an hour ago | parent [-]

>They didn’t ask them to change long standing rules for shits and giggles.

Who are "They"? Did you maybe forget the ((())) or are we just supposed to guess? I don't know if you intended it that way, but using the vague nudge-nudge wink-wink "they" like this sure comes across as an antisemitic dog whistle.

> That is one of the columns. The headline makes my point succinctly

Regardless of how you choose to interpret the headline, the actual column seems to say the very opposite of what you claim.

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timeflex a few seconds ago | parent | next [-]

No where did they say anything antisemitic, but you further diminishing the meaning of that word—just like BB has already—only enables actual antisemitism. I frequently see that label being weaponized, especially against other Jews. I see it be used when people merely report on what the President has said, or against the Pope calling for peace. At some point, I'm inclined to believe people constantly making these false accusations do so knowing it delegitimizes the word.

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dghlsakjg 42 minutes ago | parent | prev [-]

In the context of my message it is very clear that they is SpaceX. This isn’t a secret. Nasdaq has said that they are changing the rules specifically for this listing.

It’s clear you aren’t interested in a good faith conversation. Thanks for the discourse either way.

	▲	l23k4 40 minutes ago \| parent [-]
		The idea that SpaceX would have to ask Nasdaq for anything is preposterous. Also, you're getting the most basic details wrong. Nasdaq didn't change their listing requirements. SpaceX has been eligible for listing under their rules for years.