AI generated image 💔
$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.
That’s what used to be called a scam.
Some still do
Not invented, siphoned off from those who can’t game the system like they can. That means you and me.
Short sellers are an important part of the equity ecosystem as it provides downward pressure in price discovery. Lucky gamblers have made, and are making, far more than that with long positions in equity and options.
It’s difficult to say that we don’t need markets at all (e.g. would you plant cotton with no idea what it will sell for at harvest?). It then becomes a slippery slope of abuse and wealth concentration.
If anything this all feels like a failure of regulation and the SEC not going far enough
They didn’t short rockets: They shorted Elon Musk’s promise machine. For years he’s sold investors a never ending stream of revolutionary breakthroughs that were always just around the corner. Eventually reality catches up. Even the world’s best engineers can’t justify a valuation built on perpetual hype instead of consistently delivered results.
This doesn’t hit these sociopaths, the whole stock market system is rigged so they make paper profits no matter what happens, at the expense of others who aren’t in the Epstein class. A pump and dump like this is just a little faster.
Shill account for townflex dot com
At what price point does Muskrat get his loans called in?
His net worth is still half a trillion more than it was a year ago.
He didn’t buy shares in SpaceX, he already had them before the IPO
FYI, that stock is used as collateral for the loans which fuel his lifestyle. When that stock drops to a certain price, those loans get called.
FFS, he doesn’t have anywhere near half a trillion in liquidity.
That only matters if lenders a) don’t believe he can pay the loans back, and b) would not themselves be hurt by calling in loans. With how incestuous the Epstein class is, my cynical bet is that he gets away with far too much for far too long
He does have loans, but a lot of people think he still has them from purchasing Twitter, but he actually went away from that during the Twitter purchase. Im sure its a lot without twitter even, but its not the crazy large number it was briefly.
This is actually pretty normal. The stock usually drops after the initial launch hype dies down, and then it begins to slowly rise again over time.
It’s just made worse this time by the smaller float, and the soon to be earlier than usual blackout window for insiders lifting
This is the correct explanation
Not at my old company… no wonder they laid off so much of the workforce and dismantled and sold the rest
I dont think this was due to short sellers…
Only if they sold.
And I hope they did. Squeeze the bastards.
The short sellers were guaranteed sales at those prices
Nothing is really guaranteed in investing (unless you’re in public office and can insider trade or you’re a billionaire), though the post IPO dip has happened often enough that, yes, it probably isn’t the worst idea to have a plan.
I mean… short selling requires a buyback at a set price… it’s one of the few guarantees there are in the stock market.
Granted the value isn’t guaranteed to go down, just the buyback and price
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