this post was submitted on 12 Mar 2024
679 points (97.7% liked)

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679
Reddit: Return Of The Junk Stock IPO (www.forbes.com)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 21 points 5 months ago (2 children)

0.031 sounds more realistic

[–] [email protected] 20 points 5 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.

[–] [email protected] 4 points 5 months ago

0.00000031 more like