Praveen Paranjothi on Newnex: Be aware, very aware of the market…

Be aware, very aware of the market conditions. Buy low, sell high and…

Praveen Paranjothi · 2023-12-19T13:30:53.000Z

Be aware, very aware of the market conditions. Buy low, sell high and exit when things are good, is the only working mantra. Farfetch, valued $23bn in 2021, is now sold at $500mn to Coupang Figma, bought by Adobe for $20bn, is now valued close to $11bn after the failed acquisition Matches Fashion, bought for $1billion in 2017, is now sold for $65million. https://www.nytimes.com/2023/12/18/business/farfetch-coupang-fashion-deal.html

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Praveen Paranjothi on Newnex: Be aware, very aware of the market…