You guys fail to understand that just because a company produces a service or product it doesn’t mean that they are any measure of profitable ever. There are lots of zombies that suck on cheap money and naive shareholders. For instance BNPL, Crypto, Uber etc. What we need is a cleansing of the system, when interest rates rise to their mean of 5% lots of these will inevitably collapse as the cost of borrowing rises and their expenses blowout. Pigs can’t fly calls this a Ponzi scheme and while it isn’t strictly a Ponzi by definition it has elements of it, overall it is a scam because the founders know this is overvalued and unable to make a profit and still shill it to the average joe.
APT Price at posting:
$69.03 Sentiment: Sell Disclosure: Not Held
