That works out to a $1.2 billion loss with 800 million shares.
I am hoping the stock closes at $45 today.
Their IPO closed at $45.
That would mean no capital gains and no dividends for seven years!
QQQ (Nasdaq 100) was up almost 300% during the same period.
Their chief problem, which I remember business analysts talking about this in 2014....no one clicks the business advertisements. They get noted in the public alot, but they mostly eat up every penny they make....paying ridiculous wages to the top twenty managers.
I thought back in 2015...they’d eventually get picked up by Google or Microsoft, and that was their way of surviving with a limited function.