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The answer lies in the good ol' laws of supply and demand — unlike hotel rooms, the supply of sharing economy accommodations is elastic – the higher the price (or perceived price) goes, the more people put a place on the market.
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When the supply of shares rose, the bubble popped.
Meanwhile, the supply of shares has been restricted.
"We are working to create a sufficient supply of shares to meet investor demand at I.P.O.
The world's entire supply of shares is $55 trillion, and bonds account for a similar amount.
That won't help investors, though: a jump in the supply of shares could also depress stock prices over all.
Companies are inherently difficult to value, there is a limited supply of shares and huge speculation, Mr Suslow argues.
It is reducing the supply of share buy-backs, where companies acquire their own stock with (often borrowed) cash.
That allowed index funds to sell stock, adding to the supply of shares, and VW's shares are back to about 500 euros.
Eye-popping moves like these are almost entirely owing to the tiny supply of shares in new companies, balanced -- or perhaps imbalanced -- against the titanic demand for them.
Lockup provisions are common in initial public offerings, providing some assurance to buyers that the supply of shares will be restricted for some period.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com