4 ms·

For your own safety do not read or be advised by Ed Zitron. By all means skip the SpaceX ipo if you like: makes sense. But Ed is neither perceptive nor correct

For your own safety do not read or be advised by Ed Zitron. By all means skip the SpaceX ipo if you like: makes sense. But Ed is neither perceptive nor correct historically. Case in point: a lockup period ending matching with mandated index fund buying is emphatically good for IPO buyers: it adds liquidity to a major cliff every IPO company faces: liquidity seeking by insiders on a schedule. Now it may be bad for axed buyers like pension funds but buy side liquidity coming in to a company is always good for existing shareholders. Reading Ed would make you think the opposite.

tcp_handshaker 4mo ago
>> a lockup period ending matching with mandated index fund buying is emphatically good for IPO buyers I cant believe you wrote this. You are making Ed Zitron case for him. And the lockup period in this case has been reduced to 15 days or less: https://youtu.be/T8e2FbwN7dw?t=96 https://youtu.be/T8e2FbwN7dw?t=96 https://youtu.be/T8e2FbwN7dw?t=123 https://youtu.be/T8e2FbwN7dw?t=123
3ashg 4mo ago
> a major cliff every IPO company faces: liquidity seeking by insiders on a schedule. LOL, so the insiders can dump their shares. This is exactly What Zitron says. Maybe we should have Mark Karpeles' or SBF's opinion on this matter, too.