• LastYearsIrritant@sopuli.xyz
    link
    fedilink
    English
    arrow-up
    4
    ·
    5 hours ago

    Unfortunately almost anyone across the globe with a diversified, passive investment portfolio is going to be forced into subsidizing this, along with the other LLM companies that are looking to IPO this year due to the really crappy NASDAQ changes.

    • FlashMobOfOne@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      edit-2
      4 hours ago

      Yup.

      For the last six months I’ve been weighing going 90% to cash and money markets in my investments, just because the inevitability of energy becoming cost-prohibitive along with the US economy being propped up by seven companies, most of which are unprofitable, is just a scary notion. It feels prudent to take some profit now and hopefully avoid the worst of the crash later.

      We’re going to hear a lot about this IPO up until it hits as the billionaire-owned MSM is going to want to cash in big.