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Plausibility has no part in this, when stocks are "priced to perfection" any blip can cause a large correction in price. I remember linkedIn when it was still p
by subsubzero 5y ago
Plausibility has no part in this, when stocks are "priced to perfection" any blip can cause a large correction in price. I remember linkedIn when it was still public and not owned by MS missed earnings slightly and the stock tumbled 40% in the day after earnings. When you have a sky high valuation and your business model requires ever more additions of users, slowing usage and drops of revenue are a bad thing.