News for hackers. Stuff that matters.

A comment on Spotify opens on NYSE, valuing company at almost $30B. Parent comment

Re:Spotify opens on NYSE, valuing company at almost $30B by astura on Tuesday April 03, 2018 @02:23PM (#16747580)
My thoughts are after almost a decade of growth, the popular opinion (right or wrong) is we are due for a market correction. I think that these companies want to cash out at the top of the curve.
[ Parent | on HN ]
Re:Spotify opens on NYSE, valuing company at almost $30B by jadeklerk on Tuesday April 03, 2018 @08:32PM (#16750793)
A decade of growth....?? Where were you in 2008?
[ Parent | on HN ]
Re:Spotify opens on NYSE, valuing company at almost $30B by asfasgasg on Tuesday April 03, 2018 @09:52PM (#16751216)
How long ago was 2008? It's 2018, so about ten years. Now what's another word for ten years. It's on the tip of my tongue.
[ Parent | on HN ]
Re:Spotify opens on NYSE, valuing company at almost $30B by astura on Wednesday April 04, 2018 @12:03PM (#16756021)
I said almost a decade

Take a look at the 10 year S&P 500 chart:

http://www.macrotrends.net/2488/sp500-10-year-daily-chart

It bottomed out in early March 2009. The period from March 2009 to right now can roughly be described as "growth." We describe it as "growth" because the overall movement is upwards. 9 years and 1 month is "almost a decade" because a decade is 10 years and 9 is pretty close to 10.

[ Parent | on HN ]