Earlier quoted context omitted.
GoPro: from 64$ to 11$ http://www.google.com/finance?q=GPRO
GoPro's stock still has positive EPS and a healthy EPS
Holiday sales were disappointing and the company is planning job cuts.
Etsy stock has lost 76% of its value in 9 months
111–120 of 276 posts
Re: Etsy stock has lost 76% of its value in 9 months
#112Earlier quoted context omitted.
Facebook: $38.23 to $94.97 (May '12 - present) [0] Wayfair: $32.18 to $37.81 (Oct '14 - present)[1] TripAdvisor: $27.91 to $70.63 (Dec '11 - Present)[2] Hubspot: $29.05 to $50.04 (Oct '14 - Present) [3] Tesla: $10.40 to $204.99 (Jul '10 - Present ) [4] ZenDesk: $15.25 to $23.10 (May '14 - Present) [5] LinkedIn: $90.09 to $196.10 (May '11 - Present) [6] 0: https://www.google.com/finance?q=facebook&ei=OGyZVsiyEYqNmAG..…
Cherrypicked vs. cherrypicked. The only way to settle this is for someone to make a weighted index of tech IPOs in the last n years.
That's the joke.
Re: Etsy stock has lost 76% of its value in 9 months
#113Earlier quoted context omitted.
Soon we will see uber, airbnb and dropbox added to this list. The problem is the new VC-funded startup model is a sham to rip off the public. Basically build a bunch of hype around fad-based, unprofitable companies with unsustainable business models and capture massive valuation of ~50x sales before going IPO and then insiders dump all the overvalued shares on the naive dumb money and only stick around long enough to…
Disagree entirely. Twitter? No good way to monetize. Groupon? Failed to monetize effectively after virality faded and without a moat competitors did the same thing. Yelp? A web version of the BBB protection scheme whose profit comes from the shake down protection racket against small businesses, not from users. Zynga had no moat and other companies quickly did the same thing with much leaner overhead, like King and a…
Twitter's YoY revenue growth is pretty respectable. I don't think they've 'failed to monetize'. (User growth, now that's a different story...)
Re: Etsy stock has lost 76% of its value in 9 months
#114Earlier quoted context omitted.
TSLA is a different beast, I think should be excluded. The rest are fair.
Also, Wayfair hasn't seen a huge appreciation and TripAdvisor has been around since 2000 (admittedly, Yelp was founded in 2004). And HubSpot and Wayfair are based in Boston, and have been relatively underhyped. Facebook, however, has been demonstrably successful since going public, despite the massive SV hype. Zuckerberg and his team deserve full credit for delivering on a successful mobile monetization strategy and…
All fair points! Though I'd argue that ecommerce has been challenging—Zulilly went from IPO to salvage sale in about a year, compared to that Wayfair's slow but steady growth is a success!
The TripAdvisor/Yelp comp is great—they're direct competitors. TA also didn't really launch in its current form until 2002 so it's not as unfair as it appears on first glance!
Re: Etsy stock has lost 76% of its value in 9 months
#115Earlier quoted context omitted.
They have very clear business models, but even if they capture 100% of their market the possible revenue can’t support their current valuations. I think both these businesses are fantastic businesses that will make a lot of money, but I would not buy at their current valuations.
The annual revenue for taxis in SF was ~$100MM. Uber's annual SF revenue is estimated to be $500MM. So Uber has "captured" 500% of the market. Does that explain their valuation? They're not trying to capture an old market, they're building a new one.
Do you really believe that Uber is capturing $500 million out of SF alone? This number is totally unbelievable (and unverifiable), but even if it were true where is the evidence that this is not the result of a pathologically defective taxi market in SF.
edit. The comments on this story sum up the ludicrous nature of this $500 million dollar revenue [1] - $625 per person per year!
1. http://sfist.com/2015/01/19/uber_says_sf_revenues_are_500_mi...
Re: Etsy stock has lost 76% of its value in 9 months
#116I wouldn't be surprised if Etsy is acquired now that the share price is beaten down. Seems like a good fit for eBay (it would provide much needed relevance) or Amazon. It's a good brand name, but not much else.
My thoughts exactly! Etsy seems like a perfect business for someone like eBay to snap up. Though I could see Amazon having an interest, too.
Re: Etsy stock has lost 76% of its value in 9 months
#117Earlier quoted context omitted.
> On the flip side, every time someone takes an Uber or rents a room on AirBnb, they pay the company. Yes, but Uber and AirBnB do not have (from a technical perspective) innovative products, nor strong lock-in businessmodels. Everybody could start a competitor. In fact, Uber faces a lot of competition already; see e.g. [1], [2]. [1] http://www.forbes.com/sites/liyanchen/2015/09/09/uber-wants-... [2] http://www.wsj.co…
Their lock-in is their network effects. Airbnb has a huge selection of locations in many major cities around the world. Uber has an incredible number of drivers and riders on the system globally at all times of the day. Competitors will have a very hard time replicating that.
airbnb has a real problem: VRBO. VRBO is routinely cheaper than airbnb, has been around longer, and doesn't have the legal issues, and has the support of the baby boomers. Good luck, airbnb.
Re: Etsy stock has lost 76% of its value in 9 months
#118Angie's List: from $28 in Jul 2013 to $9[0] Box: from $24 in Jan 2015 to $10[1] GoPro: from $87 in Oct 2014 to $11[2] Groupon: from $26 in Nov 2011 to $2.60[3] GrubHub: from $46 in Apr 2015 to $21[4] Twitter: from $70 in Jan 2014 to $18[5] Yelp: from $97 in Mar 2014 to $21[6] Zillow: from $121 in Feb 2015 to $22[7] Zynga: from $15 in Mar 2012 to $2[8] 0: http://www.google.com/finance?q=ANGI 1: http://www.google.com/f…
You forgot GPRO. It is $11 from $98 just few months ago.
Re: Etsy stock has lost 76% of its value in 9 months
#119Re: Etsy stock has lost 76% of its value in 9 months
#120Earlier quoted context omitted.
What point are you making? Perhaps it isn't too hard to look at examples of tech companies that have done well since IPO. This is quintessential cherry picking. The market in general has been downward recently but Atlassian and Godaddy are holding their own for example: https://www.google.com/finance?q=NASDAQ:TEAM https://www.google.com/finance?q=NYSE:GDDY
The stocks you mentioned barely get any buzz in tech media (TechCrunch) or HN. The stocks that OP mentioned get a significant number of mentions here. A number of unicorns are dying, experiencing significant criticism (Theranos), doing not-so-well (Square, Zenefits), or exiting negative returns for investors (Gilt Groupe) The point is the companies that seem to be getting the most hype (young, 'disruptive' companies)…
Where is the news that Zenefits is struggling? All I have seen is that they are 'one of the fastest growing companies ever'