this post was submitted on 15 Apr 2026
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Technology
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It doesn’t take much to boost the price of a stock by 400% if the stock is already practically worthless.
$3 to $17. That's a reasonably big jump.
But they IPO'd in 2021 around $400 and dropped to $100 in about four months and have been decaying since. From that perspective it's only a small bump.
It's insane they were valued that high to begin with.
It's not the per-share, it's the market cap.
Touché, but I counter with much being converting a shoe company to a consumer based AI sales company.
As in: well that's a bit much.
I guess bullshit is easier to make than shoes.
Easier to sell too. Investors are dumb, they'd prefer a pretty lie than an uncomfortable truth. Give them the pretty lie and they'll throw money at you.
It converted to a company that sells buzzwords to investors as far as I can tell.