Henry Reardon - Asymmetric Contrarian
The Business Brew
What Is Unit Economics on a Business Like This?
Roxanne Jones: How did public markets miss and or how did the momentum and trading mentality push a company like this to 60 billion dollars of market cap in your opinion? She asks, do you think that when there is euphoria, it seems to me that unit economics, if you're losing a ton and you're selling your X plus one unit and you're making a lot on that, but you're still losing a ton, it just seems like the concept gets taken a little bit too far. "It sort of was this cycle's iteration," she says about valuing companies based on eyeballs.
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