752
SpaceX stock drops to a new low and loses $1 trillion in value in a month (www.businessinsider.com)
submitted 1 month ago by to c/technology@lemmy.world
137 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 20 points 1 month ago (1 child)

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.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 1 month ago (1 child)

    There's a reason things like consumer protection agencies should exist. Most are too stupid and easily taken advantage of. You cannot run a society like that well. SpaceX already raised their funds and the bag holders are regular people. That is bad for society even if we may like to point and laugh at the morons.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 1 month ago

    There is a reason you shouldn't trade individual stocks if you're unwilling to research a bit at least. If you trade individual stocks without it it becomes basically gambling. I'm not laughing at the ordinary people losing money, but I also don't feel very bad for them in particular.

  • permalink
  • fedilink
  • source
  • parent