The same week SpaceX raises at $78B. Doesn't quite add up, but what do I know.
Elon is promoting cryptocurrency. I would assume it makes him feel powerful when the price goes up.
Coinbase valued above $100B, ahead of direct listing
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Re: Coinbase valued above $100B, ahead of direct listing
#12So what happens to global valuations once the world population starts shrinking? I also wonder what would happen if there was another significant war - surely peace cannot continue forever.
Re: Coinbase valued above $100B, ahead of direct listing
#13No matter if you think we're in a bubble or if this valuation supports your view that we are in a bubble, at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.
I'm in the bath relaxing and learning. How u doin'
Re: Coinbase valued above $100B, ahead of direct listing
#14Low interest rates and secular trends justify this I guess?
Low interest rates don't effect whether a stock goes up or down. That is determined by earnings growth.
Edit: Peter Lynch agrees with me. Instead of being a passive aggressive downvoting asshole leave a comment.
Edit: Lol, I can't respond to your comments because everyone downvoted my comment and HN rate-limited me. Later.
Re: Coinbase valued above $100B, ahead of direct listing
#15No matter if you think we're in a bubble or if this valuation supports your view that we are in a bubble, at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.
Yeah dude I gotta quit this and my other forums lol. I spend so much time reading about stuff and trying to learn... instead of chilllin.
Re: Coinbase valued above $100B, ahead of direct listing
#16I don't get how everybody is just making a killing right now. What goes up must come down? Are people going to get uber burned?
Like somebody who put in 50% of their net worth today, and maybe it drops?
Re: Coinbase valued above $100B, ahead of direct listing
#17No matter if you think we're in a bubble or if this valuation supports your view that we are in a bubble, at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.
I swear I was just thinking the same thing :(
Re: Coinbase valued above $100B, ahead of direct listing
#18ICE who owns the NYSE had a net income of $3Bn last year and is worth $68Bn - for context.
About to have a lot more once they start liquidating their Coinbase shareholdings
How much do they own now?
Re: Coinbase valued above $100B, ahead of direct listing
#19Low interest rates and secular trends justify this I guess?
Low interest rates don't effect whether a stock goes up or down. That is determined by earnings growth. Edit: Peter Lynch agrees with me. Instead of being a passive aggressive downvoting asshole leave a comment. https://youtu.be/UNrMnFM3VvE Edit: Lol, I can't respond to your comments because everyone downvoted my comment and HN rate-limited me. Later.
This seems a little myopic. Definitely earnings growth is a factor, but it can’t really explain what just happened with GameStop and WSB, nor most of Amazon’s rise over the past decades. Future expected cash flows, market size, interest rates (and therefore capital seeking yield via equity markets) are all factors. Alongside human tastes, cultural perception, and pockets of irrationality.
Re: Coinbase valued above $100B, ahead of direct listing
#20[deleted]