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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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[–] 31 points 4 months ago* (2 children)

Saying the average buyer is almost underwater is another way of saying that the average buyer has made a profit.

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  • [–] 3 points 4 months ago

    They would have to realize that profit and to do that they'd have to sell. Any meaningful quantity of "average buyers" cashing out would certainly result in most of them selling at a loss as the price dips below their break even.

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