this post was submitted on 18 Jul 2026
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[–] timestatic@feddit.org 18 points 20 hours ago

No, thats just not true. At IPO date there were already many critical voices about the stock being way overvalued for what they charge at IPO. "Insiders" means there was info that was withheld or the public didn't know about. Anyone who bought this stock at IPO asking price was just foolish enough to buy into the hype.