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Of course if they had known it would have fallen to $5, they would have waited. Anyone would have. But nobody has the fortune to invest with 20/20 hindsight
by AznHisoka 7y ago
Of course if they had known it would have fallen to $5, they would have waited. Anyone would have. But nobody has the fortune to invest with 20/20 hindsight
- vsareto 7y agoThey gambled on a profit-less company IPO and lost. I'd say there was some hindsight.
- goatherders 7y agoI'd like to see how many tech companies are showing a profit when they IPO. ALso, 500M is a lot of money but it's not THAT much money when you're running a multi-billion dollar company and responsible for delivering billions in revenue. To get those numbers you have to invest in things. NBC isn't sitting around wondering if they can eek out another million dollars of ad buys for the TODAY show this quarter.
- Retric 7y agoI think the major tech companies aka Apple, Google, Microsoft, or even Facebook and Oracle etc where all profitable at IPO. You might get a lot of unprofitable tech IPO’s, but they are less likely to last and thus grow.
- AznHisoka 7y agoGreat. I assume you shorted them at IPO and reaped a fortune. Otherwise, my point stands :)
- 8ytecoder 7y agoThere’s a huge difference between having the foresight to say this is risky and predicting it will crash to $5 in 372 days. One is prudent investing the other is gambling.
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- aussiegreenie 7y agoThere is NO DIFFERENCE between investing and gambling.
- AznHisoka 7y agoI totally agree. Maybe there are different degrees of gambling ie informed vs blind, but it is all gambling. Unless you are talking about fixed income.
- vsareto 7y agoNBC could just give me 500M and I could probably just do a lazy-three portfolio and out perform anything else they're considering.
- JohnJamesRambo 7y agoWhat is a lazy-three portfolio?