if you are a retail #investor i believe it would be wise to run fast and far away from ARM. but not just because of this information from Reuters. this ipo is brought to you by the people that wanted to hang a $57 billion valuation on the necks of retail investors (WeWork) that is coincidentally going bankrupt as i post this. the pricingon this offering is artificially propped up by an in-house transaction between Softbank and Vision Fund (which is Softbank!) in addition the companies that "bought in" to the IPO are the exact same corporations fueling the nothingburger that #ai is. https://www.reuters.com/markets/deals/retail-investors-jumping-arms-blockbuster-ipo-is-risky-business-2023-09-11/

why can't #ai help fix this **************************************** Mayor Eric Adams of #NewYork City is fed up with providing a welcome for an influx of migrants seeking asylum. At a town hall meeting last week, he declared that spending on shelters and care, more than $5bn this year alone, “will destroy New York City”.

the Guardian

‘No words for the anxiety’: migrants desperate for jobs trapped in US asylum maze

Many people are already eligible for work permits through ‘parole’ program – but a bureaucratic fog obscures the process