/biz/ - Business & Finance

Guys I'm a little rustled about PLTR.
I just learned that it wasn't an IPO but a "direct listing", basically allowing insiders and employees to dump their bags as soon as it went public. This circumstance seems to be public knowledge, yet there's plenty of bullish sentiment for the stock and it hasn't crashed. Why would anyone want to buy a stock that is dumped by insiders instantaneously? Isn't this a major red flag? How is this even legal? Has a company ever done this and succeeded in the long run? Even shitcoin scammers have the basic decency to wait a few weeks or months before they start dumping their bags. What the fuck is this?

I'm seriously thinking about selling my 250 shares for a small loss on Monday. This is my biggest meme stock position ever. Somebody tell me it's going to be okay.

>>23183058
Just get a few hundred shares anon what could go wro- OOOOOOOOOHHHHHHHAAAAAAAAHHHHHHWWWOOOOOOOOOOOOHHHHHHHH

>>23177282

>pic of me holding PLTR for the next twenty years