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by crate_barre
1661 days ago
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I don’t think it’s these companies fault that they have lofty market caps. Even Elon said the market cap for Tesla doesn’t make sense. The problem is the investor class stopped believing in older, established companies as growth drivers. They don’t believe a GE, or a Ford, or what have you, are innovative. So, they pool all their money into tech. Is Docusign going to say no to the money? They are a decent company and they are seeing large inflows and outflows because no one wants to dump their money into anything else. |
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