4 ms·
Right, but did the price go up because money was free or bet on what the world would look like during and post covid?
by dehrmann 2y ago
Right, but did the price go up because money was free or bet on what the world would look like during and post covid?
- FreakLegion 2y agoBoth of course, plus quantitative easing and other factors. There was a lot of new money (QE) and not a lot of places to put it (ZIRP). In that context, companies like Chegg and Zoom were interesting bets and seemed to have more upside than, say, Netflix, which also had a strong couple years. But the whole market more than doubled in that time. The money had to go somewhere.