From a high of $35.74, ETSY - the company that sells arts and crafts online - has collapsed almost 44% in the 3 weeks since its much-heralded IPO. Down another 9.5% today, and closing in on its IPO price of $16, it appears the 'public' stock markets are exposing the 'private' stock bubble a little too clearly recently...
[2]
With a Fwd P/E of 177x still, seems like a perfect BTFD opportunity...
* * *
As The Verge reported recently [3],
Despite the company's impressive revenues, its market value it
dwarfed by many still private Silicon Valley companies like Pinterest
and Snapchat that have little or no revenue to speak of.
Recently many
tech investors have been warning that these enormous private valuations
may leave some companies underwater [4]when they go public, as happened with Box, which was worth less after its IPO than it was after its last funding round.
* * *
But Uber is definitley worth $50billion right?
