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IPOing just before an evident .com tech bubble is about to explode is courageous. Good luck to everyone.

That said, their business model seems fairly solid, and despite the naysayers, they improve things a bit on most of their acquisitions. So there might be some real value in what they do. Yet, the expected market valuation is way off. But worry not: market will fix that.

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> despite the naysayers, they improve things a bit on most of their acquisitions

There seem to be quite a few commenters stating the exact opposite, with concrete examples in hand (especially for Komoot). Do you have experience with any of the services they've bought, and can say how they've been improved?

Not the OP, but from a stock market perspective, improvement can mean "lay off workers, and raise subscription prices". Not good for the users, but good for the kinds of people who like reading news about IPOs.

Fair enough, though I do bristle at the use of the term "real value", like somehow it's a general net positive. They should at least qualify with "for shareholders" so we can know that their interests are specifically directed at financial enrichment

why is it courageous?

It seems the perfect time to do it while the market is still bubbly.

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