HN user
Bitcoin would function as a backend and the payment would be done through processors like banks and credit card companies. What's the difference between bitcoin and dollars in that respect. The average person still has the ability to move coins trough the system but I'm sure processors will be regulated.
Every comment this account has made had been related to groupon. I think the tech giants are out bastetdize its IPO. The company is a top line revenue behemoth, unlike LinkedIn. Seems to have a lot of potential if they increase profit margins. A lot.
4chan is the wild west.
LNKD's p/e ratio is 1318 http://finance.yahoo.com/q?s=LNKD&ql=0
GOOG's p/e ratio is 20 http://finance.yahoo.com/q?s=GOOG&ql=0
Do not construed this as an opportunistic swing at LinkedIn to make money. This is basic market fact. Do you know of a stock that trades with a p/e of 1,300?
How can you make such an extraordinary claim that my analysis had ulterior motives when anyone with any knowledge of the market and the metrics of valuing stocks would know for sure that LinkedIn was overpriced not by magnitudes of 2 or 10 but by a magnitude of 100.
The stock shouldn't be trading much more than 8. But the market will remain irrational longer than the individual solvent.
He's saying the stock doubled in its first day of trading. Meaning the shares were offered at a price. The company sold shares at that price. The same day the value of those shares doubled. So tr market is saying the shares are worth double of the IPO (initial public offering) price.
This behavior was common during the dot com bubble. IPOs doubled in price, everyone was happy. It's totally unrealistic.
Anyone who buys LinkedIn is retarded. Serious people that trade the market wouldn't touch it with a 10 foot pole. Sure you can trade this crap and make fist fulls of money in the short term. The venture capitalists got paid. Do not own this stock.
This is ridiculous. LinkedIn had benefited from computer algorithmic trading that jacked it's price to extraordinarily urealistic price to earnings ratios. p/e is a metric in which stocks are valued. How much the company is worth divided by the yearly earnings.
To say LinkedIn got screwed is to say the dot coms got screwed in 2000. Guess what? The only people that got screwed were the share holders. LinkedIn should be jumping for joy that their peice of shit company is worth anywhere near 8 billion dollars. I just feel bad for the stupid shareholders when their shares become worthless.
Have you not noticed google's market share declining?
It's not the blogosphere, it's their duty to shareholders.