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> so they can pass the bag onto retail investors long enough to cash out I used to say this too, when companies sold stock to the public at outrageous valuatio
by panarky 8y ago
> so they can pass the bag onto retail investors long enough to cash out
I used to say this too, when companies sold stock to the public at outrageous valuations.
I thought it was insane to be the retail "dumb money" left holding the bag on companies like Amazon, Google, Facebook, Netflix, Twitter and Snap.
So will Lyft and Uber be more like Snap or the others on this list?
- sonnyblarney 8y agoThey are all different kinds of companies from different eras. Amazon went IPO very early and had a very long term vision. Lift and Uber, it's hard to say and also depends on price.