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> The narrative is hard to buy into when they've lost >50% of their value since IPO so far. Many companies on NASDAQ have lost 50% of their value in that time
by jen20 4y ago
> The narrative is hard to buy into when they've lost >50% of their value since IPO so far.
Many companies on NASDAQ have lost 50% of their value in that time window. It just happened to co-incide with a global downturn.
- DannyBee 4y agoSure, but that's also kind of the point - they aren't special in any meaningful way. If you look at their reports - they are going to have to massively cut costs somehow.