What’s the Deal with Online Retailer FarFetched? Is it Over for the Company? Or Was Today’s 50% Market Value Decline an Overreaction?

The online retailer’s shares tumbled more than 50% in today’s trading session after Luxury-goods holding company Richemont announced that it “does not envisage lending or investing into” Farfetch. Is this the end? Or just an overreaction to a disappointing announcement. Warren Buffet says to buy fear and sell greed, but this is a tricky one. Only time will tell. Peace.