☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 2 months agoSpaceX stock tumbles 23% from its high, as average investor sees gains wiped outwww.nbcnews.comexternal-linkmessage-square10linkfedilinkarrow-up134arrow-down10cross-posted to: usa@midwest.socialnews@hexbear.netus_news@lemmygrad.mlnews@lemmy.world
arrow-up134arrow-down1external-linkSpaceX stock tumbles 23% from its high, as average investor sees gains wiped outwww.nbcnews.com☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 2 months agomessage-square10linkfedilinkcross-posted to: usa@midwest.socialnews@hexbear.netus_news@lemmygrad.mlnews@lemmy.world
minus-squarequeermunist she/her@lemmy.mllinkfedilinkarrow-up20·2 months agoYeah the IPO was a bag holding event. Use hype to entrap a bunch of smaller investors into holding the bag so the biggest investors can pull out.
minus-squareLemmyBruceLeeMarvin@lemmy.mllinkfedilinkarrow-up6·2 months agoAnd the best part? Retail couldn’t divest within a set period by the ‘rules’ or something. So even if they wanted to sell, they are prohibited lol
Yeah the IPO was a bag holding event. Use hype to entrap a bunch of smaller investors into holding the bag so the biggest investors can pull out.
yup
And the best part? Retail couldn’t divest within a set period by the ‘rules’ or something. So even if they wanted to sell, they are prohibited lol
I think a lot of IPOs are like that