yeah...wait and see Market is going to dance on the tune of Amazon on 4th November...all these high flying fin techs & e com will have reality check like baba.
zip probably has much less downside, may be low $6 because of her trading pattern that she is stuck for a while.
i have no doubt that growth rate if not down then flat and assuming $150 million revenue then on expense side 70 million is already gone to India...$24 million BD, $25 million employees salaries and perks...$25 million marketing cost...interest charge plus bank fee & Data cost plus cost of sale & operations around $70 million...$70 million net loss in this quarter...the good thing is financials will not be reported in the quarterly uptake.
UBS has already put a note on sell at $5.4 on zip bull shitting on expense.
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Open | High | Low | Value | Volume |
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