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Posted on 5/11/24 at 5:19 am to FLObserver
Down 54% today, what happened?
Posted on 5/11/24 at 11:51 am to FLObserver
It went public and shot up to $16 before it fell. That’s not unusual in IPOs. It was a SPAC which is usually set at $10 a share for value. Anything below $10 seemed reasonable to me just based on capital. It went down to $8 before settling above $9. Sure it’s risky but so was AI two years ago. I’ll bet on Altman. He has a fusion nuclear start up that just signed a contract with Microsoft. Fission is much easier.
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