alt Hacker NewsMeanwhile the NASDAQ fell 4.18% Friday just been. This seems more than just a coincidence, people have been talking about pulling investment ahead of the SpaceX IPO, and the latest market activity makes me think the discontent is tangible now.
Meanwhile the NASDAQ fell 4.18% Friday just been. This seems more than just a coincidence, people have been talking about pulling investment ahead of the SpaceX IPO, and the latest market activity makes me think the discontent is tangible now.
What happens with IPOs is that wealth is converted to money by owners. When that happens the wealth bubble deflates because there are a lot of sellers and few buyers. After the IPOs (spacex,openai,anthropic) buckle up for turbulence.