I think like this: “oh, that sounds cool and smart and has a catchy brand, a lot of people will buy things that sound cool and smart and have catchy brands, so let’s [hypothetically] buy that then sell it right after before the hype dies out in the face of reality”
All kinds of IPO don’t live up to their expectations. Facebook went down hard back in the day, for example.
I think like this: “oh, that sounds cool and smart and has a catchy brand, a lot of people will buy things that sound cool and smart and have catchy brands, so let’s [hypothetically] buy that then sell it right after before the hype dies out in the face of reality”