3 ms·
Google is up 7.5% today. Google had one of the best valuation growths in the past 2 years of mega cap companies. It makes little to no financial sense, compare
by skinnymuch 5y ago
Google is up 7.5% today. Google had one of the best valuation growths in the past 2 years of mega cap companies.
It makes little to no financial sense, compared to other tech and web companies, for Facebook stock to remain down 25%. Their PE is going to be like 17.5 now.
- ethbr0 5y agoAren't all current tech valuations still playing chicken with future growth expectations? So when sentiment with regards to them changes, it compounds back on the current price. But the whatever% is after hours trading, so we'll see what the market does tomorrow when it's open.
- skinnymuch 5y agoYeah. I mean even besides the playing chicken...it's playing chicken in general with sentiment and stuff too. I guess that is saying the same thing you are saying. Like Apple's PE going from a fairly low number to now being around 30. I don't know what to say or think of that or anything. It's funny and silly. Not misinformation, but a stretch to say the drops and gains of stocks on a day to day basis is honesty to the general person. If instead, if by default, numbers in charts and articles talked about these one day changes in stock prices alongside trailing 3, 5, or X day/week percentage changes. Sure. Snap is up 45% today. However it was down 25% yesterday. Really, it went from $32.XX to $35.XX across two days and the entire week. A solid 10% gain. Would be nice if the culture would include