It was only in October of last year when I made the following statement. To wit:
“The once emblematic IPO cash-out that lured many is beginning to morph into the loss of IPO dreams that resemble wash-out with every passing earnings cycle. For a glimpse into the event horizon that is the future. All one needs to do is look no further than what myself and a few others have dubbed the “canary in a coal mine” of all that’s Silicon Valley: Twitter™.”
So let’s look at what many around the Valley were using as a pejorative term to make the case that I had absolutely no clue about what I was talking about. e.g., “pictures.”
Twitter’s stock price and market valuation as of this writing…
Twitter™
And if you invested 1 red cent in Square, even at the touted “reduced offering price” at IPO…
Square™
Your only way to look at it is: you don’t have that much red left to go.
Again from that article:
“And this brings on a whole host of other meme shattering, break out the “crying towels” type arguments. For if it can happen there – guess where else it’s going to begin happening? Is ________________ next? Just fill in your current favorite high-flying Non-GAAP social darling on that line – for it’s going to happen at all of them very soon in my opinion. Much sooner than many now even think or ever thought possible.”
But remember, what do I know. After all…
© 2016 Mark St.Cyr