It went badly because a few groups had tried to inflate the stock for its IPO, and as soon as folks got their hands on financials that became apparent. Without

It went badly because a few groups had tried to inflate the stock for its IPO, and as soon as folks got their hands on financials that became apparent. Without a revenue plan and saddled with immense costs, that company is generally not fiscally healthy, certainly not enough to justify 100x valuation over annual profits.