Nikola stock craters after cancellation of major garbage truck order

Re:Nikola stock craters after cancellation of major garbage ... by TedShiller on Friday December 25, 2020 @04:37AM (#25535394)

Another important distinction is that a company like Airbnb could be profitable overnight if it wanted to. It is choosing not to.

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Re:Nikola stock craters after cancellation of major garbage ... by raesene9 on Friday December 25, 2020 @04:55AM (#25535476)

I've heard this statement made many times about start-ups. The problem is often that, in changing their economics to generate a profit, they could allow competitors to take all their market share.

In the case of AirBnB with their $93b market cap to get a P/E of say 35, they would need to generate $2.6b in profit, so could they do that and not crater their market?

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Re:Nikola stock craters after cancellation of major garbage ... by TedShiller on Saturday December 26, 2020 @01:21PM (#25545261)

You have a good point. Still, many other hyped internet companies couldn’t be profitable even if they wanted to.

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