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This is why the whole “Unicorn” schtick looks like a scam. If these pie in the sky valuations can fluctuate so wildly, why should they be trusted?
by FlyingSnake 4y ago
This is why the whole “Unicorn” schtick looks like a scam. If these pie in the sky valuations can fluctuate so wildly, why should they be trusted?
- seanmcdirmid 4y agoHigh pay-out = high risk? The lottery ticket with a $5 billion pay out is still a lottery ticket.
- JumpCrisscross 4y ago> these pie in the sky valuations can fluctuate so wildly, why should they be trusted? They shouldn’t. Valuations are analogised to market cap. This is almost more idiotic than the crypto convention. Multiplying the price paid for Series F preferred stock by the number of common shares is asinine. They’re different securities. In a bill market, the mistake is subtle. In a bear market, the lie is revealed.
- TulliusCicero 4y ago> why should they be trusted? They shouldn't be, not as a general rule anyway. Though as a general principle, what happened here was just, "some rich people thought <company> would be worth a lot of money, and then they were wrong." Nothing super shocking here, obviously that will happen all the time.
- FlyingSnake 4y agoThat’s my metric as well and I feel all this discourse around putting “unicorns” on a pedestal disingenuous.