!!! NASDAQ and S&P changing seasoning and profitability requirements to manipulate index funds into buying massive IPOs

Traditionally, the major indices have all required a company to have traded publicly for a 1 year seasoning period before listing them on the index. This gives the market time to evaluate a company's stock and allow its price to stabilize after IPO before entering the index. NASDAQ has already reduced its seasoning period to just 15 TRADING DAYS (!!!) and S&P is set to follow by shortening their seasoning period down to six months effective June 8. Additionally, S&P is seeking to remove its requirement that a company be profitable before being listed on the S&P 500 (!!!) Is it just me or is this sheer insanity, corruption, and market manipulation of the highest order? With SpaceX, OpenAI, and Anthropic all preparing to go public in the near future, these changes will force hundreds of passive index funds to pour trillions of dollars into these companies whose as-yet unproven business models have the potential to drag the entire market down with them. The sheer size of these IPOs will put downward pressure on every other listed company as fund managers rebalance their holdings to include the new titans. Tens of millions of retirement accounts will be unwittingly invested in these new tech companies before their true market value is known--and right now, these companies are BLACK HOLES, each burning through billions of dollars a year without making any return. This looks to me like a scam, a criminal miscarriage of social responsibility, and a massive risk to passive index fund investors. Ridiculous IPO valuations will enter the NASDAQ with highly inflated value, insiders will cash out, and pensioners (and the rest of us) will be left holding the bag. All without any of our consent. Am I missing something here? Have the billionaires just invented a new form of collusion in order to fleece us all? Is passive investing about to die at the hands of the indices themselves? How can we protect ourselves from this? Tell me I am getting all worked up over nothing.