Re:Rivian valued at over $100B after biggest IPO of 2021
by drumhead on Wednesday November 10, 2021 @06:55PM
(#29182611)
I think the high valuation is indicative of a bubble. When companies that haven't delivered a product in an ultra competitive market can be valued at such an absurdly high level the alarm bells are ringing. We've seen this before in markets going back hundreds of years, it's not different this time, it never is.
[ Parent
| on HN ]
Re:Rivian valued at over $100B after biggest IPO of 2021
by mrgordon on Thursday November 11, 2021 @12:05AM
(#29184601)
They said the same thing about Tesla and it’s been working out quite well for them. I definitely favor the theory that it’s a bubble but even if it’s true “the market can remain irrational longer than you can remain solvent”