this post was submitted on 12 Mar 2024
680 points (97.8% liked)

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Reddit: Return Of The Junk Stock IPO (www.forbes.com)
submitted 8 months ago by KingThrillgore@lemmy.ml to c/technology@lemmy.world
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[–] Kyrgizion@lemmy.world 21 points 8 months ago (2 children)

0.031 sounds more realistic

[–] dhork@lemmy.world 20 points 8 months ago (1 children)

It's not quite that bad, the author buries this near the end:

There’s 97%+ Downside if Growth Matches 2023

Which if I read that correctly means he thinks a fair valuation of the stock is about 90 cents.

[–] KingThrillgore@lemmy.ml 4 points 8 months ago

0.00000031 more like