
Your Twenty Dollar Employee Is Running On Borrowed Money
๐๐ง๐ญ๐ก๐ซ๐จ๐ฉ๐ข๐ ๐ญ๐ฎ๐ซ๐ง๐๐ ๐ฌ๐ฅ๐ข๐ ๐ก๐ญ๐ฅ๐ฒ ๐ฉ๐ซ๐จ๐๐ข๐ญ๐๐๐ฅ๐, ๐๐ง๐ ๐ข๐ญ๐ฌ ๐๐๐ง๐ค๐๐ซ๐ฌ ๐ ๐จ๐ญ ๐ฆ๐จ๐ซ๐ ๐ง๐๐ซ๐ฏ๐จ๐ฎ๐ฌ, ๐ง๐จ๐ญ ๐ฅ๐๐ฌ๐ฌ. ๐๐ก๐ ๐๐๐ ๐ฌ๐ฅ๐ข๐ฉ๐ฉ๐๐ ๐ญ๐จ ๐๐จ๐ฏ๐๐ฆ๐๐๐ซ. ๐ณ
A former Nasdaq executive said the listing went from a no brainer to not a no brainer. When a business improves and the appetite shrinks, the market has stopped pricing the company and started pricing the thing underneath it.
This week on ๐๐ก๐ ๐๐ ๐๐ซ๐๐๐ค๐๐จ๐ฐ๐ง:
๐๐ก๐ $๐๐ ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐.
The thing underneath it is debt. The cheap tokens on your desk are paid for with borrowed money, and the lenders started asking for more. Nothing this week made the tool worse. The risk is that the price stopsโฆ
The skinny
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