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Do people underestimate E6 role at meta?
Not trying to be salty and if anyone who works in these companies are rich on paper, my wishes you are able to hold onto real gains also. But reality is what we are witnessing right now is 1999 on steroids. Both Doordash and Airbnb have never made a dime. Doordash needed an entire lockdown for them to get a trickle profit. It’s a shitty business which doesn’t have a business model. Reality is restaurants hate Doordash and food delivery companies. Airbnb themselves haven’t made a dime any year. Their growth is way down in 2019 and 2018 itself. They might be better than Doordash but honestly stock to be at $144? Like what planet are we living in? Snowflake is another. Trading at 220x CY revenue. Just because buffets name is there. It’s utter insanity we are witnessing.
People are betting these companies will be profitable in the future. If you disagree then short them.
The market can stay illogical longer than you can stay solvent. Words to live by.
I will short DD when I find a good entry point. Airbnb has a decent model. I won't touch it.
Airbnb was actually profitable before the pandemic.
Just one quarter. Q3 is always the most profitable due to summer vacationers. If you sum up the entire year’s revenue, you’ll notice losses.
Hotels still have strong brand equity and will catch up.
Every man is worth in millions and company in billions. And soon we'll have a first trillionaire..... Every manmade system has an expiration date I feel like and we're bound to touch ours one day or another.
It's not even close to 99 (unfortunately). Yes valuations are rich but in 99 they were insanely mega rich and few companies actually made money. Hoping we get back to 99 in the next couple of years. Also airbnb has had turned a profit.
Yeah I’m with you, me and you will time the bubble buddy 👍🤔
Exactly, get in and enjoy. Interest rates are low, the fed is buying stocks, and money is falling from the sky with each stimulus. This can go on plenty farther. Enjoy
Growth is slowed is what I said. Also come on this is worse than 1999. You have no clue. Have talked to many folks in 99. Everyone is stunned what’s happening now. Out of the gate companies are $100B worth. Companies like Quantumscspe won’t even have revenue until 2025. Stock at $80. Nikola motors pure fraud. Stock trading at $10B valuation.
As someone who worked in 99 and raised money with a PowerPoint deck I disagree ;) Once we start seeing regular tcs in the multi millions we'll talk. Yes plenty of fake spacs and agree nikola is fraud but there are also plenty of legit companies in the middle printing money. Cash cannot go anywhere else with current rates so plenty of room to run. No one should be stunned. Its funny. It's crazy. But when the fed says buy, you buy.
You just defined what’s called a Bubble my friend
At 20x abnb is priced just a tad bit higher for the unforseen potential.
Your CEO’s reaction tells you everything how it is insanity right now. https://twitter.com/business/status/1337069727500427267?s=20
LMAO he almost choked when he heard that number
1. Financials != valuations. 2. People have been saying the bubble is going to pop “for real this time” for the last three years. I guess if you guess it every year, you’ll eventually be right lol. 3. “Restaurants hate DoorDash”. Why are these noobs on Blind just spewing out random anecdotal shit? Where’s the data to support this? We don’t force anyone to use our platform
Restaurant hate doordash. I personally asked few local restaurants. Total order when I call them and pick up the items myself: $76 When ordering through dd: $102 (without tip). I have no idea why
Your few local restaurants are anecdotal data points. Classic extrapolation mistake.
OP - Valuations are man made and can be changed. Previous valuation models are not valid in today's market conditions which includes other asset classes. Looks like you are risk averse and missed the boat. Keep waiting, its always BFD(Buy the F***in Dip), so you will never get a chance. So keep your cash below the mattress and sleep on it for years.
The planet with Donald Trump as president.
The planet with Donald Trump as US* president.
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