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by ethbr0
2080 days ago
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I said this in another thread, and I think it's apt here. If you have high growth, you can lose a lot of money and still have a good story. If you make some money, but don't have high growth, then you can't tell nearly as compelling of a story. Effectively, investors are assuming eventual profitability is inevitable, and measuring growth. The 90s showed that's fair... sometimes. But definitely lets pathological corporate liars with juiced metrics slip through too. |
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