Quote Originally Posted by Dan Druff View Post
Quote Originally Posted by Small_Banana View Post
$1.19/share

The late 90's had dot com stocks and beanie babies. This time around it was SPAC stocks and NFT's/tokens.

This happens about every 20 years or so. The young kids that didn't experience the pain of the dot com implosion are feeling the pain now seeing their crypto balances get demolished. It will happen again in 20 years.
This isn't related to crypto/NFTs. Just a dumb business model and mismanagement, which was destined to fail.
I was comparing the current market implosion with the dot com bust. The 100's of SPAC's that went public, Including Skillz, have been demolished...similar to the dot com stocks with dumb business models. DraftKings was another SPAC and that has been an epic fail. Any stock that did a reverse merger with a SPAC is pretty much doomed to fail. They were unprofitable scams from the start.