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☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 12 days ago

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

www.nbcnews.com

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

www.nbcnews.com

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 12 days ago
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Just 10 days after the company’s blockbuster IPO, buyers of its initial public shares are in the red.
  • queermunist she/her@lemmy.ml
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    12 days ago

    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.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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      12 days ago

      yup

    • LemmyBruceLeeMarvin@lemmy.ml
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      12 days 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

    • JillyB@beehaw.org
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      12 days ago

      I think a lot of IPOs are like that

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