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I remember Facebook's ipo. If I'm not wrong, the shares crashed for a few weeks/months right after the initial enthusiasm. It wasn't clear at all that Facebook
by Udik 5y ago
I remember Facebook's ipo. If I'm not wrong, the shares crashed for a few weeks/months right after the initial enthusiasm. It wasn't clear at all that Facebook was going to keep growing indefinitely.
By the way, did you buy Coinbase shares? In ten years it could be another example of some obvious buy ("big, dominant and in the news"). Or they might have turned to junk, too.
- paulpauper 5y agoRemarkably, facebook was still worth around $100 billion on its IPO even tbough it seems so long ago. It had huge growth leading up to the IPO. It fell due to concerns about Facebook not being able to monetize mobile, which proved to be unfounded. NO, I would not buy coinbase stock
- throwkeep 5y agoI could see Coinbase as the world's bank and stock market all in one. Or a pets.com cautionary tale. Check back in a decade or two!