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The average SpaceX buyer post-IPO is almost under water after two-day slide (www.cnbc.com)
submitted 4 months ago by to c/technology@lemmy.world
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[–] 5 points 4 months ago (4 children)

What do you mean by “the average buyer.” Wouldn’t all buyers currently be in the same exact position?

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  • [–] 15 points 4 months ago (2 children)

    Those who have the most shares (the private buyers, execs, c-suite, boardmembers, DJT n Fam) purchased well before IPO.

    The "average buyer" are the retail big box store brokers who sold off those early shares to your name brand brokers so morons on WSB and Robinhood could claim to be astronaut investors.

    I'm probably wrong about something so don't fact check me.

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  • [–] 9 points 4 months ago (1 child)

    No that's pretty much it. Big institutional investors already were invested privately before. A handful of smaller institutions usually get priority at special rates unaffected by the initial fluctuations.

    The big bold number that gets blasted by the media are what the everyday person has access to. And they're always the first to get fucked, as designed.

    Wall Street's motto is: Privatize the profits, socialize the losses. Everything follows that.

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  • [–] 2 points 4 months ago

    I've read that there are masses that are now shorting the stock too, and they're making money on the dip. Those wouldn't be your average buyer. Although idk if any of that is considered in that statement from the author.

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