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I don't even know how you can compare the recession of 2001 to now. Apple has literal hundreds of billions of cash reserves and is printing money. Pets.com ha
by VirusNewbie 4y ago
I don't even know how you can compare the recession of 2001 to now. Apple has literal hundreds of billions of cash reserves and is printing money. Pets.com had almost no revenue. These are not the same thing.
- dmitrygr 4y agoDon't think Apple, think Open Sea or Bitfinex
- babyshake 4y agoOpenSea has a fine business, just not a $50B valuation or whatever nonsense they are claiming.
- foobiekr 4y agoThere are plenty of pets.coms running around right now. They have revenue but are structurally poor businesses with terrible unit economics which is why they constantly announce entry into new markets that will go nowhere. Uber, Lyft, … there are tons of these. Go look at the cash flow statements for many of the hype companies and realize they buying revenue isn’t the same as having a company.