News for hackers. Stuff that matters.

A comment on The Battle of GameStop. Parent comment

Re:The Battle of GameStop by phil_e_delphian on Monday January 25, 2021 @10:21PM (#25912083)
DoorDash has had negative earnings for all but 2 (1?) quarters it has existed, and trades at about $190 a share, despite direct competition from multiple functionally identical competitors.

The market is broken, at least retail investors are benefiting for once.

[ Parent | on HN ]
Re:The Battle of GameStop by tasuki on Tuesday January 26, 2021 @07:06AM (#25914860)
How much a single share costs really isn't interesting or important.
[ Parent | on HN ]
Re:The Battle of GameStop by phil_e_delphian on Tuesday January 26, 2021 @08:14PM (#25923060)
Tell that to the investors holding >$200 GME shares right now
[ Parent | on HN ]
Re:The Battle of GameStop by tasuki on Thursday January 28, 2021 @10:49AM (#25943717)
I don't think you understand the point I was trying to make. The point wasn't that share price is completely meaningless, the point was that it's meaningless without more information.

A share of AAPL now costs $139, a share of GOOG costs $1860. How would you compare the two companies based on that? How does the price of a single share relate to whether or not the company has positive or negative earnings?

[ Parent | on HN ]
Re:The Battle of GameStop by fennecfoxen on Tuesday January 26, 2021 @09:36PM (#25923593)
DoorDash has a growth story that GameStop doesn’t. It’s pure fiction, mind you! But at least it exists.

Either stock is terrifying.

[ Parent | on HN ]
Re:The Battle of GameStop by phil_e_delphian on Wednesday January 27, 2021 @01:58PM (#25932294)
Agreed. The difference this time is that the gains are socialized this time, not retained in the fraternity of HF, PE, and IB.

Which is exactly why Wall Street and financial media is denigrating it. They hate that they don't have the edge, or a monopoly on profits in this case.

[ Parent | on HN ]