Smells like it, they probably want to GME themselves.

I remember reading someone's opinion how the current SV companies are basically ponzi schemes (e.g. WeWork), the big institutional investors hype them up and get the first stocks, retail investors would come in next, and the big institutions can then cash out. I wish I can remember where I read this...

I have read this too a long time ago, and it always struck me as true. That's why I stopped wanting to invest in new IPOs. You're not "getting in on the ground floor" with them, they're usually for sale a few months after the IPO. Look at SNOW and ABNB for recent examples or GPRO for one from a while ago.

No, they are clearly not, and that's a very strong accusation to wantonly throw around. It's a 7.5 billion dollar IPO, this represents less than one percent of that.