-digs around in depths of my heart for some sympathy-
Nope, fresh out.
Boo hoo my shares in a company owned by a fascist and with absolutely awful revenue in comparison to it’s valuation are losing value just as expected
cry me a river
All of this.
What do you mean by “the average buyer.” Wouldn’t all buyers currently be in the same exact position?
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.
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.
So the pump dumped?
Wow. Such surprise. /s
Wow, who could have seen that coming?
I mean, is it really an IPO if it isn’t insanely overpriced when initially offered?
Initially no, they’re designed to be under so that it surges after ipo, that makes it look good performance.
Well this one’s designed to slip quickly into index funds and forced buying, so it makes sense to be high.
Yeah, I would say it’s quite usual to see a big dip right from the start. It’s just hamsters for whom buying Space X is their first trade don’t know about that
Omg. How?? Nobody foresaw this
Great now we can write smug articles about how much Elon “lost” next week.
Good :D
