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A comment on Coinbase stock lost over 75% value. Parent comment

Re:Coinbase stock lost over 75% value by kumarvvr on Monday May 09, 2022 @11:20PM (#31323056)
Its surprising to see companies like CF being down. Like, they are the foundation on which apps and services are built. They are like the water supply, to the restaurant.

Is it a correction to true value or an over-reaction to market sentiment?

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Re:Coinbase stock lost over 75% value by PolygonSheep on Tuesday May 10, 2022 @07:17PM (#31333902)
Just because a company provides genuinely useful and important products doesn't mean it's not overvalued.

> They are like the water supply, to the restaurant.

Even actual water companies get overvalued. Just look at American Water Works or Essential Utilities Inc stock.

[ Parent | on HN ]