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re: Startup mass extinction: E-scooter company Bird (fastest to reach $1B val) now worth $7M
Posted on 12/11/23 at 8:29 pm to euphemus
Posted on 12/11/23 at 8:29 pm to euphemus
Basically cheap money created the environment for people investing in super risky assets. Now that it is gone, these companies that never had a plan to profit are going away. Natural cycle
1
Posted on 12/11/23 at 9:45 pm to UltimaParadox
At what point (if any) do those who issued these valuations start to have credibility issues?
Everyone wants to blow up the auditor when the financial statements are shown to be incorrect, who gets the blame for these bad valuations?
Everyone wants to blow up the auditor when the financial statements are shown to be incorrect, who gets the blame for these bad valuations?
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