Circular investment deals and investment deals at valuations which have no possible justification.
replyLet me ask it differently. You state the companies and their investors are colluding. Who are they colluding against?
replyThe public that buys the stock at ipo at this inflated valuation and unwittingly buys indexes which include it (as with spacex).
replyAll of this is public info though, and pretty well publicized at that.
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replyits interesting, as it's typically the banks and against the public at large because the goal is to jimmy up valuations to justify IPOs then sell on opening; just like spacex.
replyIt's what enron was doing; it's what most of crypto's offshoots were doing.
Sure you can blame the marks of the grift and say "well the public should know they're faking all this cash flow expectation".
It seems like you're either driving the grift economy or part of the collusion.
It's similar to how a cult operates, so I'll be frank: your skepticism seems biased.
> It's what enron was doing;
replyEnron hid billions of dollars in debt and fake profits.
Is this what you think is happening here?
Nvidia has made a lot of very suspicious circular funding deals. I suspect we’ll find fraud when the bubble bursts yes.
replyYou're the first person I hear claiming NVIDIA is hiding billions of dollars in debt and fake profits, never mind at the scale of Enron.
replyBold claim!
I see the claim made somewhat commonly here.
replyThat’s not the claim I made.
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