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Pinterest is yet another multibillion dollar profitless unicorn like Lyft, Uber, WeWork, etc. This unicorn phenomenon is a byproduct of central bank stimulus. It's nothing more than a bubble. Most unicorns and startups will prove to be malinvestments.
There are so many of these damn unicorns popping up out of nowhere that it's impossible to keep track of and comment on them all.
But here's the only thing you need to know: they are acting as a holding container for central bank liquidity that is sloshing all over the globe.
But here's the only thing you need to know: they are acting as a holding container for central bank liquidity that is sloshing all over the globe.
I feel like I'm playing "whack-a-mole" with all these damn unicorns. They can all go to hell, as far as I'm concerned.
I hate them because I know what they represent: the coming economic depression and mass human suffering.
I hate them because I know what they represent: the coming economic depression and mass human suffering.
You can read my thoughts on today's unicorn/startup phenomenon here: zerohedge.com/news/2019-03-2…
