Doomstead

"Concluding truth from a visually persuasive but unverified representation is an error in epistemology: the substitution of appearance for measurement."

The AI bubble has caused the most concentrated and overvalued stock market in US history. The billionaire CEOs of Big Tech corporations fear it may pop soon, so they changed the rules on Wall Street so that, mere days after their IPOs, SpaceX, OpenAI, and Anthropic will be given "fast track" inclusion in major index funds, despite the fact that they are losing tons of money.

These corporate oligarchs want to use average retail investors as exit liquidity, looting pensions, 401(k)s, and other retirement funds, all so Elon Musk can become the world's first trillionaire. Ben Norton explains the scandal.

The title is misleading.  Musk is actually stealing the money of any retail investor who is fool enough to invest in a company that is loosing money and burning cash.  You don't have to be retired to be a victim.  If you have a Robinhood account it does not matter how old you are.  Musk will take your money.

Pop pop pop goes the bubble.




Getting money out of an index fund would be a good idea.  Buy back in after the crash.