One early backer of Elon Musk’s electric vehicle manufacturer said it was hard to see it as a growth stock “when the world’s car industry is coming at you”.
Shareholders are preparing to wipe around $US200 billion ($308 billion) of the social media’s giant’s value, despite better than expected earnings this year.
When Loom’s CEO first met Atlassian’s Scott Farquhar he wasn’t interested in selling, but four years later Atlassian bought his company at a $790m discount to it’s 2021 valuation.
Never in big-tech history has a large player doubled its revenue for three years running. Chipmaker Nvidia’s results this week may point to it happening.