3 ms·
Look at what happened to DocuSign. They provide an amazing service, great growth yet stockholders decided to completely shit on it. Then the CEO apologizes and
by bluSCALE4 5y ago
Look at what happened to DocuSign. They provide an amazing service, great growth yet stockholders decided to completely shit on it. Then the CEO apologizes and says they missed the mark by not growing out their business the right way. IMO, they did a great job and provided a valuable service. Yet shareholder are completely forcing them to react and do things they really had no interest in pursuing.
- cheriot 5y agoIt was priced at 30x sales! Now it's back to 10x sales... which is a slightly higher multiple than before the pandemic. For context, here's the p/s of the S&P 500 https://www.multpl.com/s-p-500-price-to-sales https://www.multpl.com/s-p-500-price-to-sales DocuSign's management chose to lose money in pursuit of growth. Then the growth stopped and they were just losing money.