alt Hacker News> How is this relevant to the argument?
it multiplies your numbers by factor 8.
> That's just not enough to move anything. It's also a vanishing percentage of total index assets.
the question is that its bunch of dudes dipped into unqualified investors savings
> it multiplies your numbers by factor 8
How? Which index 8x'd its SpaceX weight because float went up?
> the question is that its bunch of dudes dipped into unqualified investors savings
Unqualified investors? What are you referring to?
There are people who really want this to be a massive scam. And sure, you could argue that like two idiots who didn't know how indices work got duped. But you can't argue it was massive, either in capital-markets scales or even within the scale of the IPO.
Instead what I've seen is a bunch of financial influencers blowing a curiosity out of proportion and then doubling down with misinformation while a bunch of people traded into and out of indices for no particular reason.