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They IPO'd in 2021 and were worth about 22 billion until Jan 2022. Then a precipitous fall to about 2.2 billion in 2023, 220 million in 2024, and now 22 millio
by projektfu 1y ago
They IPO'd in 2021 and were worth about 22 billion until Jan 2022. Then a precipitous fall to about 2.2 billion in 2023, 220 million in 2024, and now 22 million.
- gruez 1y ago>They IPO'd in 2021 and were worth about 22 billion until Jan 2022 No, they IPOed via a merger with SPAC in January 2022, and almost immediately the price of the company took a dip. 2021 was probably when the SPAC was founded/IPOed, and the relatively flat price prior to 2022 was because it was basically a pot of money. https://en.wikipedia.org/wiki/Sonder_(company)#History https://en.wikipedia.org/wiki/Sonder_(company)#History
- projektfu 1y agoAh, makes sense. But then the nearly geometric decline began.