posted in Technology
SpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5B
townflex.com/spacex-stock-slips-below-ipo-price-as-short-sellers-profit-15-5b/
TownFlexSpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5BSpaceX stock falls below its $135 IPO price to $115.26, giving short sellers $15.5 billion in paper profits as traders double down on bearish market bets.Replying to @stermy4u@lemmy.world
$15.5B dollars, invented out of ether, and bestowed on the lucky gamblers. The stock market is so efficient that it can create wealth without bothering with economic activity. No jobs created; no products produced; and nothing to trickle down.
Replying to @yesman@lemmy.world
Not invented, siphoned off from those who can’t game the system like they can. That means you and me.
Replying to @stoly@lemmy.world
You can make money off the stock market just as they do. I’m doing it.
Although I don’t short stocks. I just buy and hold.
Replying to @1984@lemmy.today
only if you have disposable money. rich people have lots of it, they can short with lower risks to their life. the average person does not have nearly that much, if any
Replying to @WhyJiffie@sh.itjust.works
Because they don’t get told the same things as the rich kids do.
Start investing very early and don’t spend all your money every month.
Over decades, it becomes millions.