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r/wallstreetbetsr/wallstreetbets· u/tomerFire· 10h agoDiscussion 0

Why Nasdaq bent the knee to Elon?

Investor summaryBearish

The author questions Nasdaq's decision to allow the SpaceX IPO, attributing it to market corruption and insider trading.

Bear points
  • The SpaceX IPO is surrounded by suspicions of market corruption and insider trading.
  • Nasdaq and banks are compromising rules to accommodate Elon Musk, indicating a flawed market environment.
Post body

Why Nasdaq bent the knee to Elon? Probably corruption and environment created by administration so blatantly corrupt on insider trading and the stock market in general that it feel like rules does not matter anymore.

Yet I don't understand why Nasdaq and other banks agreed to this spaceX IPO

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