Trading of Luckin shares now halted. Wall Street banks, which get big-fat fees, are all too happy to sell this stuff to the American public.
Another overvalued money-losing unicorn in a lo-tech ho-hum business wobbled out the IPO window and crashed.
Another money-losing, cash-burning, over-hyped unicorn in a ho-hum low-tech business (bedding retailer) tries to make it out the IPO window.
Signs are now all over Silicon Valley and San Francisco.
Here’s how it works. Meanwhile, the media is busy publishing real-estate industry hype.
Why the Wave of Mega-IPOs Won’t Bail Out the San Francisco & Silicon Valley Housing Bubbles, Despite All the Hype.
IPO investors tried to unload while they could.
Another bankruptcy. Toxic Safeway-Albertsons combo waiting in the wings.
Something has to give.
From hoopla to crash in less than four months.