The SP jumped on the Covid/GME news, so quite a bit of growth...

The SP jumped on the Covid/GME news, so quite a bit of growth was priced in. It must have a had a $20m market cap at the bottom of Covid ($30-50m immediately pre-Covid).

So call it a 3x rise in market cap since people have learned of the Covid and GME growth. Though users are up 4x and trades 6.5x in that time. Cashflow has gone from negative to positive (though not positive enough yet to make people rush to accumulate). No issues there.

I guess there's a bit of uncertainty about competition, further growth and future cashflow, and maybe some attrition of the GME people.