(For those who say I just don’t get it…get this)
There has been no other topic that causes more derision against me than when I call bullocks against the so-called “tech” or “IPO” scene. The issue that has been fascinating over the years is just how vacant said criticism has proven out to be as the facts produce themselves with ever more clearer results. Today’s latest example (and latest producer of calls such as “You just don’t get tech!”) is none other than Lyft™.
For those of you that bought into all the hype, or worse, found out your “financial adviser” bought you in as to make sure you had the right amount of “growth stocks” in your portfolio. Now may be the time to look away, and you have my condolences.
Here’s a chart I showed in a prior article “Big Tech’s Latest IPO Shows It To Be The Pump and Dump Scheme Its Always Been” To wit:
And here you are (for now) as of this writing, again, to wit:
Then again, what do I know, right?
© 2019 Mark St.Cyr