The mounting worry among big investors, insiders say, is the threat of a left-wing takeover of Congress, conjuring nightmare scenarios of Democratic Socialists on Capitol Hill looking to throttle deals as they grill tech executives over everything from AI-sparked job losses to deepfakes.
Oh I hope you’re right, but what I was saying is that the IPO itself is a “bailout” of sorts, by shifting the ownership of this vastly unsustainable business onto regular investors and retirement accounts.
Oh! It’ll probably be like TSLA stock. People will throw money for FOMO and then that builds on itself even though the product sucks. The part of capitalism that relies on people acting in their own best interest ain’t working so great with the stock market.