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.
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.
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.
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.