@[email protected] to [email protected] • 2 months agoInteresting. What is really causing the rapid declinelemmy.worldimagemessage-square87fedilinkarrow-up1189
arrow-up1189imageInteresting. What is really causing the rapid declinelemmy.world@[email protected] to [email protected] • 2 months agomessage-square87fedilink
minus-squareRentlarlinkfedilink1•edit-22 months 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@[email protected]linkfedilink1•2 months agoPrice of the share is irrelevant. Please reference market cap.
minus-squareRentlarlinkfedilink1•edit-22 months 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]linkfedilinkEnglish1•2 months 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