The Adyen stock collapse awakened memories for me. Now this.
I am feeling dot-com-bust vibes. Adyen lost approx 50% and has not recovered.
This time it is different!
https://www.nasdaq.com/market-activity/stocks/betr
Already non compliant with NASDAQ listing standards.
They knew, the original investors just wanted a payout with someone else holding the bag. As more index funds blindly buys stocks, we will be seeing this more and more.
any secondary market debut without a stabilizing bid should be avoided
and to my knowledge, only actual IPOs have stabilizing bids
SPAC mergers and direct listings do not, this was a SPAC merger
None of these “fancy pants” mortgage ℠companies could beat my boring old banks