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RE: Chart oF The Day: Are Facebook Shareholders Ignoring Libra?
You don't need to care about Libra when looking at FB. It is a giant and profitable business.
Libra is a white paper with snippets of code.
Only in crypto world is valuation by delusion necessary. At FB you can look at cash flows and margins.
While I'm at it: I'm amused by parallels in coverage and price action of FB and Uber after IPO.
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Some players already have paid 10 million dollars each.
Your next post: "Chart of the day: amusing coverage and price action of FB and Uber after IPO"
I heard about the 10 million as well.
But what is it for, why ist it paid, is it pledged or paid in, is it recoverable...
More important: what kind of system is it going to be if the price of admission is a random 10 million?
So many things don't make sense.
And disclaimer: that's why I couldn't be bothered to check it out ;)
I might get interested IF some product takes shape.
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