the IPO is supposed to work this way.
After the IPO, all bets are off. It's just traders, machines, and ego's trading exchanging among each other.
Once upon a time, having a share of a company always meant you were getting a share of their revenue (dividends). Now, it's primarily hoping there's a bigger fool. Which 99% of the time there is because a lot of us put money into the stock market without consciously investing (ie. 401ks)