Why Bumble is overvalued
Yesterday Bumble had it’s initial public offering (IPO). The starting price was 43 USD, a valuation of more than 8 billion and it shot up to 76 USD, a valuation of over 13 billion. Despite this high valuation, the company lastly made a net loss and only a few hundred million ($376.6 million) in revenue. The Risk The current market for Tech, EV and Cannabis stocks is in a hype bubble.