$Baidu (BIDU.US)$ I just cannot believe how the CEO and cfo ...
$Baidu (BIDU.US)$ I just cannot believe how the CEO and cfo are 'selling' their business.
Valuation equal to cash position, zero equity value. It just feels they will be able to get to half cash valuation therefore negative business value with these depressive comments.
Half of the word knows it's undervalued and they with grace are spreading more pessimism.
so lame, omg
Elon would make it worth 10x in one earnings call.
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73217621 : If you have BIDU, you believe it’s auto taxi business will take off in the future, otherwise, no reason to hold. Chinese stocks are all high risk, better to take small bets only
ma gon OP 73217621 : first comment they had was: we have been working on it for a decade, it's hard to estimate when it will work, we hope to decrease losses on it in the future
facepalm
ma gon OP 73217621 : meanwhile Tesla is valued at quadrillion X for exactly the same thing
104946901 : what a joke... pony ai valued at 8.5bn with its last funding. meanwhile apollo seems to be valued by the mkt as a liability...
ma gon OP 104946901 : yeah
and CEO, with grace will tell you they are 'well positioned for a long term'