The lock up expired sunday night. 720 million shares became available to sell, essentially to trade. You know, you're flooding the market with available si. The thing is, like a lot of these investors, they've held the private stake well before the ipo took place. A it's a liquidity event for them. But this cunnisom confusion, like ford selling some of its overal stake when the shares just really depressed from where they were at the ipo. It's, from what i'm hearing from insiders, it doesn't make a lot of sense to some people.
Bloomberg News Credit Markets Reporter Jack Pitcher discusses how the biggest Fed interest-rate increase since 2000 could disrupt the flow of capital and tip the economy into a recession. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Health Care Reporter Angelica Peebles share the details of Angelica's Businessweek Magazine story Putting an End to Heart Attacks by Editing Human DNA. Bloomberg News West Coast Correspondent Ed Ludlow reports on Rivian tumbling on a report of Ford selling shares at a discount. Bloomberg News Personal Finance Reporter Claire Ballentine explains how Duke Students in a 'TikTok Class' learn to earn $5,000 per post. And we Drive to the Close with Aaron Kennon, CEO at Clear Harbor Asset Management.
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