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There aren't enough IPOs and companies to invest into, so the public markets are chasing anything they can get their hands on. Do these companies have value? Ab
by mbesto 9y ago
There aren't enough IPOs and companies to invest into, so the public markets are chasing anything they can get their hands on. Do these companies have value? Absolutely. Is the demand arbitrarily high because there's supply? Absolutely.
- mbesto 9y agoMeant to say "because there's limited supply"
- Skunkleton 9y agoYeah, that makes sense I suppose. I just don't see the growth path for Spotify. Yeah, they have an excellent music service, but whats next? Edit: and I as about growth, because I don't see how Spotify is currently worth 30B.
- Skunkleton 9y ago*ask