Hacker News Reader

I haven’t done the research, but Facebook is generally exceptional. I would expect that on average shareholders of companies that drop on IPO would be better off selling at the open and diversifying than holding for any period of time. I’m even more confident this is true of SPACs.

Buzzfeed is not facebook and expecting a rebound is like waiting for a blockbuster revival.

These employee shareholders are all whales for this given stock so if they all sell at once not one of them would get the same price. They'd all tank it for each other. They are far better off waiting for a random Tuesday 2 years from now so that the market can absorb it.

As far as buzzfeed not being Facebook so what? Stocks these days are more marketing than anything else.

Very possibly saved them in fact, not likely they would have sold at the exact moment it peaked