We joined CNBC’s Power Lunch on Tuesday, June 29 to discuss:
- DiDi Global’s (DIDI) IPO and broken business model
- Krispy Kreme’s (DNUT) uphill battle to gain market share
- the extraordinary expectations for future profits implied by DiDi’s and Krispy Kreme’s IPO valuations
This article originally published on July 1, 2021.
Disclosure: David Trainer, Kyle Guske II, Alex Sword, and Matt Shuler receive no compensation to write about any specific stock, sector, style, or theme.