Nice people, good recognizable brand, discount on watches and nice offices
Upper mgmt seems to be unable to focus and are looking everywhere to find revenue
https://www.marketwatch.com/story/fitbit-earnings-show-worst-holiday-sales-performance-since-ipo-amid-google-acquisition-2020-02-20
Roku is matching Google salary and giving me manager title but unlikely to go above and beyond hikes as I spend more years there. Is it worth joining them when new of IPO rumour Mill is picking up fast and steady ? My only concern with their IPO is they have not done anything significant in last ...Read more
Tldr: Loss making IPOs - specially B2C - are a wealth transfer mechanism from the 99.99% to the 0.01% and YOU are an unwilling participant Long version: Zynga, Snap, Groupon, Gopro, Fitbit, Blue Apron.. All loss making unicorns that are currently trading below IPO price. Let’s ask outselves: Who h...Read more
Can wish be compared to gopro or fitbit ? Gopro/fitbit had crazy ipo price and it went down gradually and never recovered. Bag holders lost money /washed out. Or could wish be like snap, redfin which had rough time for years and then recovered really well ? I know it is very speculative and no one...Read more