My point with this comparison, that has been missed by many, is that in their early rounds they were being valued at $50M, $100M, $400M, etc. Back then their revenue wasn't a sniff of where it is today, but they were still fetching "crazy" valuations because of where they "might potentially get to one day." And guess what? They got there alright! Now again, Splitit might be like most startups that actually don't get there. But if it does, today's price is dirt cheap. And if it doesn't it could easily halve. I'm not making predictions here, just saying that one needs to be aware of "why" it's trading like it is. You can't just call it mania because it's gone up so much. APT traded much the same way. Is this going up faster? Yes, but that's because people get conditioned to what's possible.
SPT Price at posting:
$1.35 Sentiment: Hold Disclosure: Held
