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So I guess the owners of Zendesk think this stock downturn is permanent or very long term. On May 3rd the stock was $121 [0] and their all time high was $150 i
by prepend 4y ago
So I guess the owners of Zendesk think this stock downturn is permanent or very long term.
On May 3rd the stock was $121 [0] and their all time high was $150 in Feb.
Seems like an odd time to sell the company unless they think the company and/or the market is never going to recover.
[0] https://www.google.com/search?q=zen+stock https://www.google.com/search?q=zen+stock
- livinglist 4y agoI guess they know damn well they are way overvalued…
- ShivShankaran 4y agoEveryone was caught pants down with the sudden downturn. I am honestly surprised that people expected to keep this gravy train running but I guess the Russian war threw the monkey wrench in the works. In Absolute terms of capital destruction, the current downturn is the worst ever in this history of US .. so far. And paulg from yc is wrong that its just capital shuffling. he probably doesn't understand that much more money is created by mortgage loans than QE. Bankruptcies, QT and even loan repayment all remove/destroy money from the pool.
- atwood22 4y ago
- BFLpL0QNek 4y agoI think they’ve been a few problems with Zendesk before the downturn. They had a shareholder revolt on the proposed Survey Monkey / Momentive acquisition earlier in the year and a following proxy battle. There product seems fine and valuable. I guess they are suffering with investors wanting returns and to dominate the market rather than just be a business that ticks along.