Grouping this by complete weeks (excluding weeks where we don't have a complete Monday -> Friday list) we get totals of 45, 37, 27, 28, 30, in that order. Don't know what typical trends are by time of year, etc. HN has had a flurry of posts about S1s, but this trend doesn't seem to be the sudden uptick it has seemed to be on HN.
What about earlier ones? 2008 was a recession because the bottom fell out of the credit market after the subprime bubble popped not because of larger trends so it makes sense that capital investments didn't decline until they just couldn't get credit.
> We have incurred operating losses in the past, expect to incur operating losses in the future, and may not achieve or maintain profitability in the future
> We have incurred operating losses each year since our inception in 2012, including net losses of $(71.1) million, $(47.9) million, and $(195.6) million for fiscal 2017, 2018, and 2019, respectively, and expect to continue to incur net losses for the foreseeable future.
Look at their contribution margins though. Especially on subs. Unit economics are, I guess unsurprisingly, fantastic on selling 2k bikes with a ~40$ monthly sub.
This comment has nothing to do with the financials of this particular IPO and everything to do with a perceived correlation between this event and some arbitrary macroeconomic event. Is there any reasoning you can give for why your hunch disproves the null hypothesis, which is that there is no connection between IPOs and what you perceive to be the impending recession?
