I don’t mind considering any counter narrative; it’s healthy to be challenged; However the AFR article is riddled with factual inaccuracies, and clearly fails to grasp the potential of the technology being developed and steadily de-risked. The macro picture is an interesting one to consider too. yes: the markets are awash with cheap money inflating prices everywhere; doesn’t mean that some companies won’t create world-changing and fortune-making developments though.
AFR analysis - Meme-stock fever spreads to more companies on ASX, page-149
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