4 ms·
Not trolling at all. GRPN and ZNGA are not just some obscure companies; they're incredibly well known, well hyped, and used daily by millions of people. Yes,
by tatsuke95 14y ago
Not trolling at all.
GRPN and ZNGA are not just some obscure companies; they're incredibly well known, well hyped, and used daily by millions of people.
Yes, IPOs flare out all the time. But the NASDAQ is huge. You can't honestly compare these two companies with a tiny, speculative penny stock. Groupon and Zynga went public with multi-billion dollar valuations. These are massive companies. I know people who lost money on them. You'd be hard pressed to find anyone who has even heard of these others, let alone actually invested in them.
That's why it's news-worthy. That's my point.
Edit:
>"which if you look through it will see that there are a lot of companies who lose over half their value within a year of their IPOs."
Indeed. I'm actually shocked that both Zynga and Groupon made the top five. When you look at who they were anti-competing with, that's insane.
- microtherion 14y agoGKNT (The artist formerly known as LNUX, a.k.a VA Linux) makes Zynga & Groupon look like amateurs: http://finance.yahoo.com/q/ta?s=GKNT+Basic+Tech.+Analysis&t=my http://finance.yahoo.com/q/ta?s=GKNT+Basic+Tech.+Analysis...
- tatsuke95 14y agoHey, they're still in business! There are more than a few businesses that went public in 2000 that weren't so lucky. Pretty epic chart, though.