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Most academics disagree that there is such a thing as "Wall Street delusion". TWTR was and is accurately priced at all times. In the past, it was more valuabl
by pyrrhotech 11y ago
Most academics disagree that there is such a thing as "Wall Street delusion". TWTR was and is accurately priced at all times. In the past, it was more valuable as investors had larger reason to believe in the future growth prospects of the company. Now it is less valuable because we have seen that the company has failed to live up to those expectations.
- tinco 11y agoI'd be willing to accept it's just the press with their doomsday headlines that make it seem as if there was a delusion. But why does it drop 5% in a day then? Why are analysts always so surprised when actual reports come out? It always takes me by surprise. For example when Amazon finally split their revenue to show how much their cloud offerings were making the stock jumped by 18%. How is that even possible? They have a cap of 250B one confirmation of something any geek with a calculator could've estimated makes the company jump 50 billion dollars. You can tell me TWTR was accurately 2 years ago, and it's accurately priced today, but I can't believe it was accurately priced friday. (I'm long in AMZN and totally surprised by the windfall)