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104

SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes (townflex.com)

submitted 4 hours ago by stermy4u@lemmy.world to c/technology@lemmy.world

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[–] Melobol@lemmy.ml 63 points 4 hours ago (3 children)

It didn't vanish. The early investors got their money and the naive buyers left holding their empty bags.
This is what they call exit liquidity.

Exit liquidity refers to investors who buy assets at inflated prices, enabling earlier investors to sell at a profit.
These later investors often incur losses as asset values decline.

It is very common in crypto and in volatile tech stocks.

[–] someguy3@lemmy.world 6 points 2 hours ago

Early investors are still in lock in period.

[–] PriorityMotif@lemmy.world 15 points 4 hours ago

They also got it on the NASDAQ so if you have an index fund that follows that you bought into it.

[–] Soulphite@reddthat.com 3 points 4 hours ago

Hey, the orange pedophile is good at doing that too, with his stupid ass coins, and phone and anything really