Lately, I've been running into companies I didn't even know had publicly traded stocks like $WISH, $GPRO or $DUOL. $WISH and $GPRO have a very similar chart, the stock shot up in the beginning, but then quickly fell again and hasn't risen since. But I quite like $DUOL as I see potential here and I think people will use this app even more and so their stock could go up. I recommend you check out @lukasandel who wrote an interesting status/article on Duolingo about a month or so ago.
How do you view these stocks and have any companies surprised you by having publicly traded stocks?
Duolingo's numbers don't look good. I avoid it, although I like the app.
Thank you for the mention and otherwise I was also surprised, so it is also due to the fact that after all, probably everyone knows what is more and more in the market so broaden horizons and also here thanks to our group. I still hold $DUOL, unfortunately after today it went red, otherwise I had it green as its icon is nice 😁 Today it lost quite a bit, but what not today too, basically the whole market. I personally think it's the downgrade on the US. So after all as slow as expected, the second half of the year probably won't be as up because of this, but I still believe that this downgrade won't affect all stocks and it's $DUOL that might resist, admittedly. in the U.S. but also worldwide. I know from using it myself that you can really find people from all over the world using this app extensively. Yes, the P/E is still negative,but if they do well to implement the AI they are trying to do, I believe in their growth and that's why I will hold on further and if they go even more now to consolidate, I will buy in. 😊
Of the above, I was only interested in Duolingo shares :) so I've had them in my sights for a while now and I'm waiting to see how the AI development will move now
I was speculative about Wish, I'm still toying with the idea of someone taking it over there, which could shoot the share price up.
$GPRO may be an interesting business, but Wish is way down. From $1000 a share to $7? That's too much