3 ms·
>Shares opened at $24 and traded as high as $25.42 apiece Thursday, giving the company a market valuation of about $29 billion there is no way for me to look a
by bronz 10y ago
>Shares opened at $24 and traded as high as $25.42 apiece Thursday, giving the company a market valuation of about $29 billion
there is no way for me to look at that and not be dumbfounded. some companies are unprofitable but still have a clear mechanism through which they could make money. tesla sells cars, for example. twitter and snap on the other hand have no way to make enough money to justify the hype. they can sell peoples data -- and that is a form of revenue that may face massive backlash and cooling very soon. this market cap is insane and we are in a huge bubble.