3 ms·
In this market I'm not sure how their stock being down 50% is particularly relevant to the performance of the company. Investors bought in on ridiculous multip
by boringg 5y ago
In this market I'm not sure how their stock being down 50% is particularly relevant to the performance of the company. Investors bought in on ridiculous multiples when it IPOed and tech as a whole has been crushed with the change in macro economic conditions. Less to do with their model more to do with the market. That said I am sure there is lots more internal pressure to drive revenue.
Your second part of the statement seems more relevant.
- prepend 5y agoThe market isn’t down 50%. So it’s relevant because GitLab is performing worse than the market and worse than other companies.
- wtf_is_up 5y agoNot really. You can't compare it to bluechips. It's down like all the other IPOs that went crazy at the peak of liquidity driven euphoria. Those all-time high were not based on fundamentals.