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One thing is how can this be a $300B company if there are tiny fees?
by x87678r 6y ago
One thing is how can this be a $300B company if there are tiny fees?
- valuearb 6y agoBecause Wall Street sells junk like this to suck, er, retail investors and tells them financials don’t matter.
- sangnoir 6y agoWall Street has little to do with this listing, which was unimaginable 5 years ago, as Jack Ma noted.
- valuearb 6y agoYou are correct. I was wrong in using Wall Street as a generic term for investment bankers when this is a record and ground breaking offering on Shanghai and Hong Kong exchanges. Still it’s being priced by Chinese bankers at such a ridiculous level that it is almost certain to work out very poorly for buyers.
- wombatmobile 6y agoYou might similarly ask how Alphabet can be a $1 trillion company when it charges no fees for google search, maps, or Android.
- blackrock 6y agoBy massive volume? Or by targeted ads, since the company has an idea of what you buy. And your phone is just a convenient personalized billboard in your pocket.