sanitation@lemmy.today to me_irl@lemmy.world · 2 days agoMe_irllemmy.todayimagemessage-square58linkfedilinkarrow-up1416arrow-down17
arrow-up1409arrow-down1imageMe_irllemmy.todaysanitation@lemmy.today to me_irl@lemmy.world · 2 days agomessage-square58linkfedilink
minus-squareMatty Roses@lemmy.todaylinkfedilinkarrow-up3·11 hours agoExactly. It’s not only not profitable, but the valuation is nearly 100x revenue. And that revenue is just government largess. I personally dropped all my index funds to avoid this grift.
minus-squareWoodScientist@lemmy.worldlinkfedilinkarrow-up1·11 hours agoI’ve kept some US exposure, but I moved to a value-based index fund that weights not based on market cap, but by objective measures like actual earnings, book value, etc.
Exactly. It’s not only not profitable, but the valuation is nearly 100x revenue. And that revenue is just government largess.
I personally dropped all my index funds to avoid this grift.
I’ve kept some US exposure, but I moved to a value-based index fund that weights not based on market cap, but by objective measures like actual earnings, book value, etc.