[bluSCALE4]

Look at what happened to DocuSign. They provide an amazing service, great growth yet stockholders decided to completely shit on it. Then the CEO apologizes and says they missed the mark by not growing out their business the right way. IMO, they did a great job and provided a valuable service. Yet shareholder are completely forcing them to react and do things they really had no interest in pursuing.

[cheriot]

It was priced at 30x sales! Now it's back to 10x sales... which is a slightly higher multiple than before the pandemic.

For context, here's the p/s of the S&P 500 https://www.multpl.com/s-p-500-price-to-sales

DocuSign's management chose to lose money in pursuit of growth. Then the growth stopped and they were just losing money.