First off, check out this hysterical corporate word salad. What a bunch of nonsense!
It made for a great narrative, though, didn’t it? Think of this conversation between two friends, which probably took place thousands of times when it went public:
Bob: Any good investment ideas?
Biff: Yeah! Check out ticker symbol IQ.
Bob: What are they about??
Biff: They’re the Netflix of China!
Bob: Netflix! Wow! They’ve gone up thousands of percent!
Biff: Totally! Plus………….China!
Bob: China! There’s like a billion people there!
Biff: Exactly!
Bob: whips out iPhone trading app
Anyway, you know how this all wound up.
