SpaceX stock tumbles 23% from its high, as average investor sees gains wiped out
https://www.nbcnews.com/business/corporations/spacex-stock-investor-losses-rcna351260Open linkView original on lemmy.mlhttps://www.nbcnews.com/business/corporations/spacex-stock-investor-losses-rcna351260Open linkView original on lemmy.ml
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.
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
yup
Capitalism working as designed. Assets trickle up from the middle class to the very rich.
Nice
As always the suckers getting fleeced.