Re:Fitbit is reportedly buying Pebble for around $40M
by jaclaz on Thursday December 01, 2016 @06:31AM
(#13078710)
To be fair, also:
>Fitbit, too, has experienced its own challenges. The company priced its shares at $50 a go when it listed on the New York Stock Exchange in 2015, but today it is trading at $8.40. That depression is largely down to less-than-impressive financial results.
It seems like the values atributed to these companies/assets are random numbers.
I can understand that in technology related companies even a strong appreciation (or depreciation) is possible in a short period of time, but there must have been some initial overestimation in these cases.
>Fitbit, too, has experienced its own challenges. The company priced its shares at $50 a go when it listed on the New York Stock Exchange in 2015, but today it is trading at $8.40. That depression is largely down to less-than-impressive financial results.
It seems like the values atributed to these companies/assets are random numbers.
I can understand that in technology related companies even a strong appreciation (or depreciation) is possible in a short period of time, but there must have been some initial overestimation in these cases.