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SpaceX Investors in Meltdown Over All the Money They’ve Lost
(finance.yahoo.com)
This is a most excellent place for technology news and articles.
Wouldn't lose money if they weren't stupid. How did all of us peasant folk see what was coming, but the savvy investors couldn't?
But they'd never admit that we're intelligent. That would ruin their savvy investor persona. Instead, we're just too woke or have Musk Derangement Syndrome.
To an extent, they weren't betting on the business, they were betting on the masses eating up the stock.
And they were at least initially right, and cashing out 2-4 days after the IPO certainly worked for and of them. Stock going down required some significant portion of them to take their winnings.
They were betting on the stupidity of the retail investor, not the fundamentals of the business.
Had this stock started being included in normal people's 401ks or pensions yet?
Some of my meager wealth is in that kind of place. And while I want nothing to do with SpaceX, I think it will be forced on me soon. I only get the choice of vanguard x, y or z.
That was my understanding of the long term scheme, and the goal of the various rule changes allowing this stock to be included in indexes early.
The same way that investors in Theranos ignored their medially trained family members. They're gambling addicts.