If that was the case, you would only invest in successful companies, right? That would be... well stocks that have usually higher pps...
The goal here is that taking a risk on a company’s idea, will pay off.
Doesn’t matter if it’s short term or not.
Also sometimes the chart and the company’s current place in their development leads to turbulent things, good or bad.
I think it’s still a cheap investment, especially for a company who has the core material, just needs to tweak it to make users want to be apart, which btw, is a very slow process.
I have the app, and it is very... lacking. However it’s very new, and it needs a lot of adjustments.