Surely one of the most dismal unicorn IPOs to happen has been Casper (symbol CSPR). Just like everyone else, they pass themselves off as a “technology” company (whatever that’s supposed to mean), even though they sell freakin’ pillows and mattresses.
![CSPR](https://slopeofhope.com/wp-content/uploads/2020/02/CSPR-640x331.png)
What’s particularly shocking about Casper is that, in private funding, it was valued at well over a billion dollars, and yet with just a few days in the public markets, it has a market cap of $400 million. I suspect that’s probably still several hundred million too high, but we’ll let the market sort it out.
There are still a couple of unicorns that seem healthy, such as Fiverr:
![FVRR](https://slopeofhope.com/wp-content/uploads/2020/02/FVRR-640x331.png)
……and Slack……
![WORK](https://slopeofhope.com/wp-content/uploads/2020/02/WORK-640x315.png)
…..as well as the nutty Virgin Galactic Holdings.……
![SPCELIFT](https://slopeofhope.com/wp-content/uploads/2020/02/SPCELIFT-640x331.png)
Regarding this last one, it seems wholly unsustainable, in spite of the obvious success of the tens of thousands of space tourists that occupy their futuristic rocket-ships on a daily basis. You betcha.