Strange but true meets told you so
It really is difficult not to gloat just a little regarding Teladoc and their very ill-fated decision to value Livongo at $19 Billion dollars. As once again this very stupid decision has come back to bite them squarely in the ass as the company announced they were taking another $3 billion charge after taking a $6.3 billion charge in the first quarter. At the moment shares are down over 22% but to our knowledge shareholders have not stormed the bastille nor have the begun beheading management.
From the beginning we warned everyone that Livongo was a house . . .
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