I’m sure you have heard of Beyond Meat by now. The stock that IPO’d (initial price offering) in May of 2019. The stock started with a price of just $25 and within weeks it had reached $230. Great for the company and its investors you’d say. This is definitely true, however I consider this as one of the biggest bubbles in the stock market.
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By Nate Matherson, Co-founder of a personal finance blog called LendEDU. Nate is a 25 year old working to build a portfolio for a lifetime.
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Here it is, my write up about the company a lot of you will now, but few of you will be really able to explain into detail what this company does. I’m here to give you a solid summary of all activities of Alibaba and how they will turn people into billionaires. Before we start you should know that I have a long position in Alibaba since the beginning of August 2018.
This Dutch/British company is based in Rotterdam as of 2018, it’s a large cap company with brands all over the world. Axe, Dove, Knorr, Hellmann’s, Lipton, Ben&Jerry’s, Calve and many, many more. But other than this, what do we really know about this company with a market cap of roughly 140 billion euro.
