News item today: Zomato is readying for its IPO, at a valuation that exceeds that of all the listed hotel companies taken together!
Beauty lies solely in the eye,
Of the stricken beholders,
Lining up, drooling, to buy,
Inflated pieces of paper!
It has already changed hands,
At dubious values in the past,
Getting pumped up each time,
To values, till then, unheard of!
The company excels at burning,
Whatever the investors put,
Seeing the smoke from the chimney,
Makes more of them come hurrying!
Not an asset to its name,
A few youngsters in a garage,
Have soon managed to overtake,
Those who've been around for years!
Each one aims to dominate,
The world as viewed from their prism,
Doing whatever it takes,
To spend their money to success!
What happened to values like thrift,
And patient accumulation?
How long before you deserve it,
Does fortune visit you out of turn?
What happened to values of prudence,
And not throwing money away,
These VC's scatter it in the wind,
Hoping that some of it will land!
What happens to all that I can see,
Brick and mortar built on sand,
That now shifts beneath their feet,
Will it all come crashing down?
A new world order will rise,
From the rubble of the old,
The rulers of today will die,
And upstarts will storm the hold!
Their turn in turn will come in time,
To go under the wheel of fortune,
Which will crush them as it grinds,
Its way relentlessly on!
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