7 ms·
It is quite literally losing money at an unsustainable rate. They need a path to profitability otherwise this is a massive boondoggle for all of the investors
by VerminOctopus1 10mo ago
It is quite literally losing money at an unsustainable rate. They need a path to profitability otherwise this is a massive boondoggle for all of the investors
- Mistletoe 10mo agoUnfortunately “all of the investors” is in reality the whole world’s markets due to the disgusting top heavy nature of the SP500 currently. I have been talking to AI a lot about what portfolios will survive that crash. :)
- integricho 10mo agoAnd what is the conclusion, what will survive?
- christophilus 10mo agoBerkshire.
- Mistletoe 10mo agoStuff like this is what survived the lost decade after the tech bubble crash in 2000- Gold, treasuries, small cap value. https://portfoliocharts.com/2021/12/16/three-secret-ingredients-of-the-most-efficient-portfolios/ https://portfoliocharts.com/2021/12/16/three-secret-ingredie... I think I'll add in some Bitcoin to round it out. Bitcoin and gold seem to take turns going now and be inversely correlated often. https://www.theblock.co/data/crypto-markets/prices/btc-pearson-correlation-30d https://www.theblock.co/data/crypto-markets/prices/btc-pears...
- bill3389 10mo agowe are still at early age. think it as human, the early age is burning money. when grow older, the ability of making money increases. Compared with .com bubble. most .com dies, and the one who survived are GOOGLE, AMAZON, Tencent etc.
- LunaSea 10mo agoYes but you need money to survive until the later stages