Re:Coinbase stock lost over 75% value
by _uy6i on Monday May 09, 2022 @09:33PM
(#31322318)
I know nothing about NET other than the 30seconds I just spent looking at their financials - they managed to triple their revenue over three years but they seemed to have managed to about triple their losses over the same time period and they trade at ~30x sales, MSFT is ~11x, guess people believe they’ll be earning a ~$2b/year in the next several years?
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I hated a long time on AMZN too. Regretted it. NET looks similar to me, albeit it won’t be taking over 30% of the economy of course.
Re:Coinbase stock lost over 75% value
by almost_usual on Monday May 09, 2022 @10:32PM
(#31322732)
Wonder how many people said that about the online bookstore.
Re:Coinbase stock lost over 75% value
by weatherlite on Monday May 09, 2022 @11:48PM
(#31323230)
That startup math worked out fine until a few months ago.
The common wisdom was tech companies can always fire personnel when they will want to become profitable and until then increasing expense to get more market share is the thing to do.
It's not completely baseless but obviously we now know too many companies rode this momentum and built businesses that might be unsustainable. We will see.