Mostly PE buying from other PE. They did however manage to unload a lot of assets on common people during the 2021 IPO boom. Just look at how those stocks performed...
Looks like it. It's imho even more funnier since even though he build and sold the company, the IPO was 2 years later and he never had a single share of it lmao
The turnaround for Alibaba $BABA started during the summer, one of the biggest companies in China, it's cheap, swimming in cash and you can still get it at just above the IPO price, there isn't a bargain like it on the american market
Multiple factors such as increase in operating costs, financial obligations, aggressive growth strategy.
They also IPO’d in April and had RSUs ($90.9M in stock-based compensation)
Although the IPO affected EPS (not uncommon with an IPO) this helped them raise $450M that’s fueling further growth and expansion.
>Their steak tips are pretty incredible and they just announced mycelium based steaks yesterday.
ugh... bro. You're supposed to convince us to buy with a DD post
Also, they've literally never been profitable and they're down 95% since their IPO in 2019? My guy, this is a company to stay far away from.