What a great time to go public and reap the rewards of billions and billions of dollars. Yep bumble is going public, a dating app worth nearly $10 billion. Raising over $2 billion dollars as it prices itself at $40+ a share. This market is such a joke. There is so much money in the system that a dating app is going public on wallstreet valued in the billions. Online dating apps is nothing but an overvalued, overhyped and completely saturated market. Amazing how anyone will want to invest in a company like bumble. The hype is that there are trillions being spread throughout the world and people jumping at every chance they can get to grab each of those dollars and that's why we are seeing hundreds of companies going public. The valuations they are placing on these companies and others is just abnormal. But let them get what they can get because soon enough people will wake up and realize that valuations are just completely insane. Bumble IPO Brings Home The Honey; Dating App Provider Rakes In $2.15 Billion https://www.investors.com/news/tech...al-public-offering-trades-thursday-bmbl-mtch/
An everyday is an up day....it really is the land of perfect, where everyone is a stock market millionaire.
%% Every day is an up day?? HUH ?? That's a somewhat accurate trend direction But profits are not really counted until exit is done. BUT NEVER confuse a hi probability with infallibility.[D Guppy great quote] I may get backin, IPO/ETF later, as i said profits are not counted unless an exit is done. Congrats on your trend analysis.........................................................................
More than most think. And like everything else it will end one day. And when it does, boy it will get ugly in a hurry.