Nikita Bier, head of X products, has publicly criticized Infodex's 2025 list of the most valuable startups, specifically targeting the inclusion of fintech company Kalshi, valued at $1.1 billion. In a tweet, Bier labeled the information as "clearly false" and suggested that the list's ranking system might be designed to boost click-through rates by featuring female figures alongside company logos. Bier further questioned whether the list was a form of paid promotional content for Kalshi, demanding transparency from the publisher. He warned that failure to disclose such information could result in the suspension of the account associated with the list.