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Friday, June 17, 2022 10:36:14 PM
In my former life, I spent my days analyzing and evaluating companies, looking for the next Apple or Google. What investors are missing here IMO, is how a company can justify a $1M to $28M just to buy an "internet parcel". Add in the cost to bring in developers to bring it to market and this has the smell of green written all over it.
To begin to understand what is unfolding here, investors should look to Steven Spielberg's 2018 movie, Player One. It is an interesting "rabbit hole".
https://www.bing.com/search?q=player+one+trailers&form=ANNTH1&refig=23b33755b3c54e2189e9aff80d28beea&sp=4&qs=LS&pq=player+one&sk=LS3&sc=8-10&cvid=23b33755b3c54e2189e9aff80d28beea
If one is awake to what is unfolding with the markets and the latest financial news, it doesn't take much effort to understand what people do when they are losing their jobs and turn to the internet looking for ways to make money. Que the Metaverse.
Now if one enjoys looking down rabbit holes, take a look at how Hollywood provides the clues...LOL
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