> Yet letting Uber's bag holders dump their stock on the public was ethically correct?
No one dumped their stock on the public. They offered to sell it and someone offered to purchase it.
(Granted, "the public" has some ownership because it likely ended up in several funds that people are invested in).
But on an individual transaction level, someone sought to buy it at a price and someone else sought to sell it at that price. What's the problem with that transaction?
That's how every IPO, and to a greater extent - "the market," works.
No one dumped their stock on the public. They offered to sell it and someone offered to purchase it.
(Granted, "the public" has some ownership because it likely ended up in several funds that people are invested in).
But on an individual transaction level, someone sought to buy it at a price and someone else sought to sell it at that price. What's the problem with that transaction?
That's how every IPO, and to a greater extent - "the market," works.