Ann: FY24 Results Presentation, page-85

  1. 6,705 Posts.
    lightbulb Created with Sketch. 585
    another short squeeze. these usually fizzle out. business is inherently unprofitable and business model is 100% a lemon. see Farfetch for a case study of this reseller model- it was a complete failure.

    FTCH holders got zero

    Pursuant to the completion of the sale, Farfetch announced that “holders of its Class A and B ordinary shares and its convertible notes will not recover any of their outstanding investments” and that the company “is also expected to be delisted from the NYSE and to be liquidated.”
    Last edited by cobrakai1984: 02/09/24
 
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