4 ms·
It seems a little funny to me that people flock to the idea that Twitter's market cap in a fed-fueled stock market when literally everything was moving up is so
by sakopov 5y ago
It seems a little funny to me that people flock to the idea that Twitter's market cap in a fed-fueled stock market when literally everything was moving up is some kind of true valuation for Tiwtter. If anything Twitter is likely trading at or very close to its fair value now then it was last year when retail was throwing money into anything.
- mcintyre1994 5y agoI think the argument is that if long term holders wanted to sell at this sort of valuation then they would have last year when it was way higher. If there was a bunch of retail money fuelling it then they could have took advantage and got out but they didn’t. So why would they sell now for a smaller upside?
- WanderPanda 5y agoGamestop is still at 150 so people are still throwing money into anything
- lupire 5y agoGME is a bit weird because it was essentially a crowdsourced fundraising round for Ryan Cohen SPAC, expecting an NFT play. (Which I expect will fail spectacularly)