I've heard some terrible things about $W. Maybe time to take profits.
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I got really lucky on this short and timed it perfectly with some long dated put options that I already quit. I am short now again, though.
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Have you heard about this customer acquisition cost issue?
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You made money so doesn't really matter.
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I can see why Amazon opened you to the idea of
$W. They are also funded by suppliers (2019 end: $800M funding from that) They still losing cash from ops due to $1B in ad spend and $0.5B increase in Opex due to head count.pic.twitter.com/e8RaUfE3AW
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Guess difference of opinion makes a market.
FWIW I sold 2/3 of my position years ago at a double.