Space travel company Virgin Galactic reported fourth quarter earnings and investors were not happy. Net losses almost doubled to $150 million for the quarter on an adjusted eBay basis. revenue beat expectations, but the number was basically negligible. Shares fell 16% in after hours trading.
This week on Prof G Markets, Scott explains how Virgin Galactic’s unique supply and demand constraints make it a terrible business. He also breaks down why Amazon and Better.com are partnering to allow Amazon employees to pledge their stock as collateral for home loans — with a catch. Finally, Scott takes a look at the enduring grocery delivery market and shares his thoughts on why Instacart might hold the key to unlocking the IPO market.
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