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It seems like the discourse has shifted to describe even legitimate businesses that are overvalued in the opinion of an author as "pump and dump" or "ponzi sche
by danhak 5y ago
It seems like the discourse has shifted to describe even legitimate businesses that are overvalued in the opinion of an author as "pump and dump" or "ponzi scheme"
- bradleyjg 5y agoIt’s maybe not entirely accurate, but it seems at least in the ballpark of a reasonable description for a public company that’s never made money and has no legible path to making money. That said, it looks Beyond Meat made money in two quarters last year. So not a good fit on those criteria.
- deleted 5y ago[deleted]
- f430 5y ago> It’s maybe not entirely accurate, but it seems at least in the ballpark of a reasonable description for a public company that’s never made money and has no legible path to making money. Which is the whole point of YC. IPO over valued companies and dump it on the retailers while cashing out your chips. Never mind the structural dangers cheap capital pose when the cycle winds down.