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A trillion vanishes and nobody knows if anyone made money from this......
Typical of a lot of stock IPO. People just gonna do pump and dump at the beginning, whether they recover from this later is the challenge. It's the reason why i don't look at IPO anymore, i'm not as fast nor as rich as those career trader so it's high chance for me to lose money.
No shit. A valution of 100x more than yearly revenue (never mind profits) should never have existed in the first place, and was most certainly a pump and dump.
Anyone who actually thought the stock price was going up from there was delusional.
I'm happy to see it, but the headlines of how much money vanishes are ridiculous. Why isn't it equally news-worthy when it goes up then, gaining 1 trillion in value without anything happening in the company?
It's like the market thinks it's completely normal for companies to just increase in value but when they decrease, it's suddenly losing money. What?
It's all speculation! Nothing is real about stock prices. No actual money is gained or lost. Only in our own heads, because we believe that number on the screen.
Next week the company could be worth twice this amount, or half this amount, if some big news shows up. Because it's just fantasy. Speculation.
You can make real money by buying low and selling high, but its still just a game. Just numbers.
Because people have a well known loss aversion bias while negative news and drama sells more news.
That, and the mainstream media is more infotainment now fighting for attention and clicks making truth an expensive luxury. It doesn't help that the rich and powerful bought large parts of the media so they're under a lot of pressure to not say certain things.
Yeah I know but logically it's a bit silly. It's just stupid. :)
We're living in a time where Onion articles become normal news in an embarrassingly short time. Logic escaped the madhouse some time ago.
I hope they go to hell
Wonderful. Keep going!
It's a $60 share hasn't even unlocked for the employees to sell theirs yet so can only go down from here.
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.
Early investors are still in lock in period.
They also got it on the NASDAQ so if you have an index fund that follows that you bought into it.
Hey, the orange pedophile is good at doing that too, with his stupid ass coins, and phone and anything really
It's a GOOD thing Illegal Immigrant Elon Musk FORCED YOU to Invest in this Company with your Retirement Accounts!
Capitalism working as expected..
A very interesting point.
Your retirement account has to follow some rules, for example to buy large ETFs. Large ETFs have to follow stock indexes. Stock indexes have to include "big" companies.
So when a big AND inflated company comes along, makes it into the index, and then deflates, you all are screwed automatically and by all the rules.
So every investor who had faith in SpaceX as a central supporting column of the USAs future in space was robbed of money by the greed of wall street and SpaceX executives?
And they probably didn't even say thank you for the opportunity.
Who could have seen that coming
this post was submitted on 18 Jul 2026
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