RE: https://mastodon.social/@nixCraft/116680653273523415

Good news. After massive public backlash from both retail & pension funds, S&P Dow Jones Indices announced that it will keep its existing eligibility requirements for benchmarks including the S&P 500, closing the door to fast entry for big tech IPOs like SpaceX, Anthropic, OpenAI and delaying billions of dollars in flows from passive funds. This is will save retail investors retirement savings going to scam companies. SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P https://finance.yahoo.com/markets/stocks/articles/spacex-other-mega-ipos-denied-223529619.html