☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 1 month agoSpaceX stock tumbles 23% from its high, as average investor sees gains wiped outwww.nbcnews.comexternal-linkmessage-square9linkfedilinkarrow-up128arrow-down10cross-posted to: [email protected][email protected]
arrow-up128arrow-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 · 1 month agomessage-square9linkfedilinkcross-posted to: [email protected][email protected]
minus-squarequeermunist she/her@lemmy.mllinkfedilinkarrow-up13·1 month 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-up4·1 month 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
I think a lot of IPOs are like that
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