alt Hacker NewsAlso worth noting that other index providers are less principled.
> Nasdaq changed its rules recently so SpaceX can join the Nasdaq 100 Index, a cohort of the largest non-financial companies listed on its exchange, in just 15 trading days, down from a three-month minimum. FTSE Russell adopted a similar approach, shortening the waiting time to five trading days
Replies
infecto • today at 1:16 PM
There are so many indexes these days and they all have different angles. I don’t see this as being less principled and more it’s the nasdaq 100.
boringg • today at 1:20 PM
More like its a competition to get the listing -- not dissimilar to Amazon shopping cities for its corporate base. Set up a competition and get the best deal would be my speculation on why it was done (as well as goose the demand).
➕ show 3 replies
if i had to short 1 of the 3, it would be OpenAI