[Waterluvian]

So I'm kinda dumb when it comes to the stock market. Can someone explain how this happens?

Who buys stock at $45 and then the very next day sells it under that?

[dragonwriter]

> Who buys stock at $45 and then the very next day sells it under that?

Data-based traders (including bots) who dont suffer from the sunk cost fallacy.

Also, who says the people selling were IPO buyers? Other people (including some that would not be impacted by insider windows) had stock before the IPO but had less ability to trade it when it wasn't public.

[Waterluvian]

Ah interesting. I didn't think anyone who owned stock before IPO could sell it that soon.

Yeah I could see myself bailing out if I had knowledge of what Uber was like from the inside.

[cududa]

They can’t. There’s a 90 day lockup period