this post was submitted on 23 Jun 2026
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United States | News & Politics

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SpaceX stock tumbles 23% from its high, as average investor sees gains wiped out (www.nbcnews.com)
submitted 1 week ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[–] queermunist@lemmy.ml 15 points 1 week 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.

[–] LemmyBruceLeeMarvin@lemmy.ml 4 points 6 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 3 points 1 week ago

I think a lot of IPOs are like that