Re:Uber, Postmates Agree on $2.65B All-Stock Deal
by linuxftw on Monday July 06, 2020 @09:21AM
(#23747574)
> Wealth is transferred from ordinary folk via the IPO-retirement-fund axis
Pretty much this. It's so infuriating to watch never-going-to-be-profitable businesses cash out on the backs of people's retirement accounts. It's one thing for a company's 401k to be stuffed with this crap, but when municipalities like CalPERS are investing in these indexes, it's outright criminal IMO.
Pretty much this. It's so infuriating to watch never-going-to-be-profitable businesses cash out on the backs of people's retirement accounts. It's one thing for a company's 401k to be stuffed with this crap, but when municipalities like CalPERS are investing in these indexes, it's outright criminal IMO.