The reason I love finance is because some people will spend 50 hours building a model and doing due diligence before buying a stock to generate a proud 15% return and other people will put their life savings into a cryptocurrency called "Shiba Coin" to generate a 10,000% return
@ParikPatelCFA@jasondebolt A PE ratio of 400+ is just horrifying. That fact that there's enough demand to even maintain such a ratio is odd. A company trading at 400 times it value. Is this a new norm due to the increased participation in the stock market?
Good News:
After $85 Million by Airlift, Bazaar has raised $30 Million, biggest amount in Series A funding.
Pakistani 🇵🇰 startups had raised $178 million in 5 years from 2015-20 while this year in just 8 months of 2021 they have raised close to $250 million.
Amazing !!