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I made a comment below about how I actually profit from things like this (stock going up and the high value assigned) in what I do. I gave it some more thought
by larrys 14y ago
I made a comment below about how I actually profit from things like this (stock going up and the high value assigned) in what I do. I gave it some more thought and think the reason most people (including myself) would secretly wish for the stock to tank is because we feel that there is something unjust going on with how much money they are making relative to what they are doing and whether it is even sustainable. Sure we wish people success (especially when we profit) but this success seems out of proportion (didn't feel the same about google fwiw). If we believe that is the case (overvalued by the metrics and media hype and attention especially) then by the stock dropping our thoughts are validated. That's a guess at the phenomena going on here.
(As an example very few swimmers are probably jealous with Michael Phelps success because he totally earned it. )
- cube13 14y agoI think this is really it, especially in the HN space. Lots of entrepreneurs are looking at Facebook's SEC filings and going "How the hell are they worth that much?".