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Fidelity has cut Reddit valuation to $5.5B from $10B (techcrunch.com)
submitted 1 year ago by Girlparts@kbin.social to c/RedditMigration@kbin.social
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[-] smokinjoe@kbin.social 3 points 1 year ago

because none of these numbers are tethered to reality

[-] Grimlo9ic@kbin.social 1 points 1 year ago

Mark Hanna: Number one rule of Wall Street. Nobody - and I don't care if you're Warren Buffet or if you're Jimmy Buffet - nobody knows if a stock is going to go up, down, sideways or in circles. You know what a fugazi is?

Jordan Belfort: Fugayzi, it's a fake.

Mark Hanna: Fugayzi, fugazi. It's a whazy. It's a woozie. It's fairy dust. It doesn't exist. It's never landed. It is no matter. It's not on the elemental chart. It's not fucking real.

https://youtu.be/wM6exo00T5I?t=108

this post was submitted on 30 Jun 2023
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