Comment by NavinF
15 hours ago
I recall the thread did have a single opinion and the only quarrel was between people who thought it was slightly overvalued vs incredibly overvalued. See for example https://news.ycombinator.com/item?id=47604155
15 hours ago
I recall the thread did have a single opinion and the only quarrel was between people who thought it was slightly overvalued vs incredibly overvalued. See for example https://news.ycombinator.com/item?id=47604155
The top comment is justifying it as earned, and less inflated than most.
If that’s still too negative for you then honestly that seems like an issue.
"less inflated" = slightly overvalued
In reality it was free money because the IPO was oversubscribed.