How StockMarket Can be Such a Bitch!
Picture this! Your business grows 82% over last quarter from $1.03 Billion to $1.92 Billion. Your business earns $372 million profit. That’s Rs.1674 Crores of profit in just three months!! Holy Moly! That’d have given any CEO a hard-on!
The stockmarket didn’t think so. Google’s stock crashed 12% just because the stock analysts were expecting it to grow 100%.
That’s Rs.72000 crores wiped out in a single day. Heck, that’s more than what the world’s largest car maker, General Motors’s is worth.
Oh! The perils of taking your company public!