queermunist comments on SpaceX stock tumbles 23% from its high, as average investor sees gains wiped out

[–] queermunist@lemmy.ml 11 points 4 months ago (3 children)

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.

[–] JillyB@beehaw.org 5 points 4 months ago

I think a lot of IPOs are like that

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[–] yogthos@lemmy.ml [S] 5 points 4 months ago

yup

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[–] LemmyBruceLeeMarvin@lemmy.ml 4 points 4 months ago

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

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