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posted in Technology

sanitation@sanitation@lemmy.today
⁨20⁩d

SpaceX Investors in Meltdown Over All the Money They’ve Lost

finance.yahoo.com/markets/stocks/articles/spacex-investors-meltdown-over-money-191742182.html
Yahoo FinanceSpaceX Investors in Meltdown Over All the Money They’ve Lost"Elon has ruined me."
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rynn@chahn.chris@piefed.social
⁨20⁩d

Replying to an earlier post

How did this not smell like a pump and dump to everyone?

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Talcosis@impairedimperator@lemmy.zip
⁨19⁩d

Replying to @⁨chahn.chris@piefed.social⁩

I think the assumption was that the shortened window to list it in the NASDAQ 100 in 15 days meant that it would be bouyed by 401k money. I don’t think early investors planned to be able to pump and dump so effectively that US retirement savings as a whole weren’t enough to keep it up.

⁨Jul⁩ ⁨26⁩, ⁨2026⁩, ⁨20:47⁩en
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