$CARDS is perhaps the clearest example of the market's fixation on buybacks swinging too far. @Collector_Crypt has built a fantastic business, on pace for $77.4 million in annualized revenue. Yet CARDS is down 65% from its ATHs, trading at just 3.4x P/S, one of the lowest

AJC
@AvgJoesCrypto
09-04
I don't know who needs to hear this, but you should not be using revenues to buy back your token.
I don't know why CT has become so fixated on buybacks, but in 99% of cases, they're a bad idea.
Reinvesting revenues to grow the business > Distributing value to tokenholders

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




