Nextdoor Holdings – KIND

Nextdoor Holdings – KIND

Nextdoor Holdings – KIND Jonathan Poland

Nextdoor is a social networking platform for local communities. The platform allows residents of a neighborhood to connect and communicate with each other, share information about local events, and exchange recommendations for local services. The platform is designed to be a private and secure online community for each neighborhood, accessible only to verified residents. Nextdoor was founded in 2008 and is headquartered in San Francisco, California. In 2021, the company became a public company through a merger with SPAC Social Capital Hedosophia Holdings Corp. V and began trading on the New York Stock Exchange under the ticker symbol “KIND.”

as of February 7, 2023

Nextdoor spends way too much on research and development. That expense alone is 68% of gross profit, which stands at 83%. In other words, Nextdoor needs new management because it should be profitable. Market capitalization around $900 million, with a net cash position approaching $550 million, investors are really paying just $250 million for the entire business. That is roughly 1.1 times annual revenue or 0.40 times tangible book value. Someone is going to figure this one out and there’s plenty of runway before the company does.

Latest Updates
First Republic Bank – FRC Jonathan Poland

First Republic Bank – FRC

First Republic Bank and its subsidiaries offer private banking, private business banking, and private wealth management services to clients in…

Western Alliance – WAL Jonathan Poland

Western Alliance – WAL

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank, offering various banking products and related services…

KeyCorp – KEY Jonathan Poland

KeyCorp – KEY

KeyCorp (KEY) is a financial services company based in Cleveland, Ohio, USA, established in 1849. It is one of the…

Zions Bancorporation – ZION Jonathan Poland

Zions Bancorporation – ZION

Zions Bancorporation is a bank holding company headquartered in Salt Lake City, Utah. Zions Bancorporation has historical and cultural ties…

SVB Financial – SIVB Jonathan Poland

SVB Financial – SIVB

SVB Financial Group is a financial services company headquartered in Santa Clara, California. It is the parent company of Silicon…

Laird Superfood – LSF Jonathan Poland

Laird Superfood – LSF

Laird Superfood is a health and wellness company that was founded in 2015 by Laird Hamilton, a renowned big wave…

Hercules Capital – HTGC Jonathan Poland

Hercules Capital – HTGC

Hercules Capital, Inc. is a business development company. The company offers a range of financial solutions such as venture debt,…

Icahn Enterprises – IEP Jonathan Poland

Icahn Enterprises – IEP

Icahn Enterprises L.P. is a diversified holding company headquartered in New York City, founded and chaired by billionaire investor Carl…

Advanced Micro Devices – AMD Jonathan Poland

Advanced Micro Devices – AMD

Advanced Micro Devices Inc. (AMD) is an American multinational semiconductor company that designs and manufactures computer processors, graphics processing units…

Read More →

Jonathan Poland (“JP”) is a publisher, not a registered investment advisor, and nothing on this website is intended, and it should not be construed, to be investment advice. Under no circumstances does any information posted on this website represent a recommendation to buy or sell a security. The information on this site is not intended to be, nor does it constitute investment advice or recommendations. In no event shall JP be liable to any visitor or third party for any damages of any kind arising out of the use of any content or other material published or available on this site, or relating to the use of, or inability to use, any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Past performance does not guarantee future results. Read the full legal disclaimer.

Introducing Key Bridge

A private membership for the pursuit of
profit and progress. A service dedicated to
building better assets and tackling global
challenges to advance the greater good.
Visit the website to learn more.