@Mickey7 to Reddit • 1 day agoInteresting. What is really causing the rapid declineimagemessage-square100arrow-up1497arrow-down112
arrow-up1485arrow-down1imageInteresting. What is really causing the rapid decline@Mickey7 to Reddit • 1 day agomessage-square100
minus-squareRentlarlinkfedilink15•edit-223 hours agoHow the heck were they ever valued at $US200 per share? Edit: (from ~$34. Market cap 6.4B initially, at $200US I estimate as ~36B, here shows a high of $38B)
minus-square@DrDickHandlerlink11•23 hours agoPrice of the share is irrelevant. Please reference market cap.
minus-squareRentlarlinkfedilink5•edit-223 hours agoEdited to include more info, thank you for pointing it out. I’d known in my head the share price started in lower double digits without major changes in supply of shares, added it all for context.
minus-square@[email protected]linkfedilinkEnglish2•21 hours agothe price is supposed to be based on future valuation
How the heck were they ever valued at $US200 per share?
Edit: (from ~$34. Market cap 6.4B initially, at $200US I estimate as ~36B, here shows a high of $38B)
Price of the share is irrelevant. Please reference market cap.
Edited to include more info, thank you for pointing it out. I’d known in my head the share price started in lower double digits without major changes in supply of shares, added it all for context.
the price is supposed to be based on future valuation