So I know someone who acquired a significant block of Alibaba IPO shares. Not the market trading shares the hoi poloi grabbed at $92 and up; the real IPO bit.
If you have the capital and the connections, you made a down payment / a college education / my annual salary + in 5 minutes today.
If you’re upper middle class, you made a nice dinner out.
If you’re average middle class, you probably weren’t paying attention to this whole thing that much.
If you’re not in the middle class at all, I just hope you’re getting by.
A down payment. A college education. Not due to hard work or knowledge or something. Network and capital. Which you’re more likely to have if your parents had the network and capital to send you to the schools where you’d get the same.
Life’s weird, man.