WeWork IPO Shows It's the Most Magical Unicorn

wavefunction wrote: post #4

frostyj wrote: post #3

Market will teach these companies a lesson

Companies don't possess a capacity to learn, being just a legal fiction and not actual people.

It's also a fiction that these companies learn and is just as real as the legal fiction.

Re: WeWork IPO Shows It's the Most Magical Unicorn

#6

Post by paulsutter » Wed, Aug 14, 2019, 8:08 PM UTC

“In the short run, the market is a voting machine but in the long run, it is a weighing machine" -Benjamin Graham

Re: WeWork IPO Shows It's the Most Magical Unicorn

#7

Post by danso » Wed, Aug 14, 2019, 8:32 PM UTC

Tangent: the article includes a chart titled "Unicorns Gored" with the caption, "Many of the highly valued young technology companies have not done well as public companies". It features 9 relatively recent tech IPOs, including Lyft, Dropbox, Spotify, and Snapchat. All of the companies have a negative delta in terms of initial stock price, from -47% to -2%, except for Pinterest, which is +77%. I actually had forgotten Pinterest IPOed, and I guess that's a reflection of how much I get my tech news from HN. Pinterest seems very underdiscussed on HN [0] relative to its market cap – $17.5B vs Lyft's $15.8B and Dropbox's $7.3B. I guess that's a function of how relatively few HNers may be Pinterest users?

[0] https://hn.algolia.com/?query=pinterest&sort=byPopularity&pr...

Re: WeWork IPO Shows It's the Most Magical Unicorn

#8

Post by gnulinux » Wed, Aug 14, 2019, 8:35 PM UTC

danso wrote: post #7

Tangent: the article includes a chart titled "Unicorns Gored" with the caption, "Many of the highly valued young technology companies have not done well as public companies". It features 9 relatively recent tech IPOs, including Lyft, Dropbox, Spotify, and Snapchat. All of the companies have a negative delta in terms of initial stock price, from -47% to -2%, except for Pinterest, which is +77%. I actually had forgotte…

Huh didn't even know Pinterest is still a thing. Is it like Instagram?

Re: WeWork IPO Shows It's the Most Magical Unicorn

#9

Post by freehunter » Wed, Aug 14, 2019, 8:38 PM UTC

gnulinux wrote: post #8

danso wrote: post #7

Tangent: the article includes a chart titled "Unicorns Gored" with the caption, "Many of the highly valued young technology companies have not done well as public companies". It features 9 relatively recent tech IPOs, including Lyft, Dropbox, Spotify, and Snapchat. All of the companies have a negative delta in terms of initial stock price, from -47% to -2%, except for Pinterest, which is +77%. I actually had forgotte…

Huh didn't even know Pinterest is still a thing. Is it like Instagram?

Pinterest is really big in the DIY space. It's success is more easily explained hand in hand with Etsy rather than any social media.

Re: WeWork IPO Shows It's the Most Magical Unicorn

#10

Post by iamaelephant » Wed, Aug 14, 2019, 8:41 PM UTC

gnulinux wrote: post #8

danso wrote: post #7

Tangent: the article includes a chart titled "Unicorns Gored" with the caption, "Many of the highly valued young technology companies have not done well as public companies". It features 9 relatively recent tech IPOs, including Lyft, Dropbox, Spotify, and Snapchat. All of the companies have a negative delta in terms of initial stock price, from -47% to -2%, except for Pinterest, which is +77%. I actually had forgotte…

Huh didn't even know Pinterest is still a thing. Is it like Instagram?

My most frequent interaction with Pinterest is excluding it from Google Image Search results.