Also how is Shabana Mahmood calling for Kier to go? The insanely harsh ideas from her department are a large part of the problem! Some self awareness would be nice.
At no point in this report does it mention the S&P have changed their rules for this IPO, requiring investment funds to hold SpaceX stock when according to the old rules it would be ineligible.
Elon will essentially scrape money from everyone's pensions.
Glad to see we're back to "pyschodrama" of 2016.
As a guy with half a trillion dollars, I have lots of options:
1. Enjoy a 100% stress-free life doing whatever I please in unfathomable luxury all over the world with people of my choosing
2. Have 87 meltdowns a day on a website
The secret £5 million payment to Farage by an overseas billionaire is the most astonishing example of political corruption. Don’t let up.
Brits will do anything to save their high streets but use them
Musk functionally ran the US government for 6 months last year and managed to: increase spending, slash services, kill 100,000s, and help nurture both Ebola & Screwworms. Yet somehow no one mentions this when they talk about the company he is going to take public this week.
Someone needs to do a report on the Trumpification of press releases. This is a quote from Ryanair today which reads like a post from Reddit 10 years ago
On a structural level, the government is not taking this stuff seriously enough
This content is a threat to public order and is driving a disintegration of the social fabric. An administration with its finger on the pulse would understand that a lot of issues run downstream of this
Correction - the NASDAQ has already changed its rules and the S&P is consulting about the change.
But ultimately these changes mean a) a pump and dump is much easier to perform and b) Elon can contain strong voting rights but force investors and pensions to lump it.
Insanely dangerous territory