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I mean - I agree. But who's to say people aren't willing to bet this as yet to be determined business ends up being the best business of them all?
by onlyrealcuzzo 5y ago
I mean - I agree. But who's to say people aren't willing to bet this as yet to be determined business ends up being the best business of them all?
- lumost 5y agoI mean there will always be a next rocket ship, and it’s obviously clear that people are willing to take this bet. However at the same time, I’d be curious why a lot of money is taking snow as being the next google as a given. My bet is because other institutional investors are taking this as a given, and the time value of capital has been distorted by low interest rates. If this illusion pops before snow hits 10 billion in revenue it’s likely going to cost investors dearly. As of right now a plausible downside of 95% exists should the market choose to take the common valuations of 2016.