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> The company says that in 2018, shares traded on the private markets between $90 and $132.50. > Losses for last year were 1.2 billion Euros ($1.47 billion), w
by fortythirteen 9y ago
> The company says that in 2018, shares traded on the private markets between $90 and $132.50.
> Losses for last year were 1.2 billion Euros ($1.47 billion), which compares to 539 million Euros ($661 million) the year before.
Well, there's the short of the year.
- poooogles 9y ago>Well, there's the short of the year. I think you're missing SNAP.
- fortythirteen 9y ago~2x is a decent short for sure, but I have to believe that SPOT is going to tank like TWIT when their claims of profitability by 2019 fall flat.
- ttul 9y agoMay I introduce you to the Efficient Market Hypothesis (https://en.wikipedia.org/wiki/Efficient-market_hypothesis https://en.wikipedia.org/wiki/Efficient-market_hypothesis).
- fortythirteen 9y agoSo nobody turned a profit by correctly shorting TWIT or FIT as soon as possible or by jumping in on FB when it plummeted to <$20 a share in 2012? Seeing that trend on FB specifically, instead of jumping in on the IPO, is the difference between 4x and 8x your investment by today's valuation. Tech stocks are regularly IPO'd on pure hype, and the market will regularly turn on them when they don't understand the business model.
- Afforess 9y agoI can't tell if you're serious (Poe's Law), but very few economists find EMH to be credible. Did you even read the "Criticisms" section of that wikipedia entry?
- ttul 9y agoI went further and read many books on both the EMH and behavioral economics, which is basically its polar opposite. I believe EMH to be true at a point in time. One of the inputs to the price is market psychology.