-
Posted by
Two Blokes May 16 -
Filed in
Stock
-
3 views
eToro's IPO saw shares surge nearly 30% on the offering day, but I have significant concerns about the sustainability of its business model. The company is heavily reliant on volatile crypto revenues, which introduces principal risk and differentiates it unfavorably from traditional brokers. Despite strong user growth and a sizable cash position, earnings are highly volatile and limited relative to the current valuation.
