Several commentators said this was the plan all along. Before the IPO, many people speculated that the outrageously high valuation was designed so that current shareholders could sell of stock and make up for their losses in Twitter, etc. They predicted an early spike and a quick sell-off accompanied by a massive drop.
Where did that money come from? A lot of it came from public pensions (specifically index funds), which are required to hold a certain amount of all listed public stocks.
Makes me want to vomit. Fucking stealing from us all because the best we can hope to aspire to is a 401k and they just change the rules when it suits them, steal from us all, and because it was the general public defrauded they get a pat on the back and congratulations for “earning” more money, such good businessmen. Let’s elect more people to steal from us.
Several commentators said this was the plan all along. Before the IPO, many people speculated that the outrageously high valuation was designed so that current shareholders could sell of stock and make up for their losses in Twitter, etc. They predicted an early spike and a quick sell-off accompanied by a massive drop.
Where did that money come from? A lot of it came from public pensions (specifically index funds), which are required to hold a certain amount of all listed public stocks.
Makes me want to vomit. Fucking stealing from us all because the best we can hope to aspire to is a 401k and they just change the rules when it suits them, steal from us all, and because it was the general public defrauded they get a pat on the back and congratulations for “earning” more money, such good businessmen. Let’s elect more people to steal from us.