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by doitLP·3y ago·view on hn ↗
“ By 2021, though, revenue growth slowed and the stock plunged. The company has shed at least $100 billion in market value since then.”

Guess I should have shorted it or something. 100b additional valuation? In no world is that justified for a company whose main technology product has no moat beyond a UI that’s slightly better than Amazon Chime. At this point video conferencing software is almost a fungible commodity.

1 comments
'market value'? Wtf? Isn't a company evaluated by profit and loss? What price the baseball cards (stock) are trading for is not an issue.