I think there should be something called “The Amazon Effect“, which is a delusion much of the public holds that, if only they could get onto some hot new IPO, they could make the fortune they should have made if they had bought AMZN when it came out. Thus, we get stuff like this from the Spring:
Liquidity moves markets!Follow the money. Find the profits!
And yet, even in this totally fake, fabricated, propped-up market we live in, this is how UBER has treated its retail shareholders:
I guess the whole “losing a billion dollars a year” business model isn’t looking at clever as it did a few months back. One can only imagine how low this dog is going to go if equity markets are ever permitted to go organic again.
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.