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Investment lesson/warning:
Twitter’s sales have grown from $535 million at its IPO in 2013 to over $5 billion today.
But its stock is 20% below its 1st day close in 2013. What happened? Investors were paying 41x sales at its IPO and 6x sales today. Lesson — the price you pay matters.
Eg. see Peleton, Beyond Meat, Gamestock, Tilray, Virgin Galatic
Charlie Bilello, CEO Compound Capital Advisors
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