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Cloudflare is down 71% in that same period. Zoom is down 60%. Speculative pandemic tech darlings are no longer darlings and are being hammered across the board. It's going to be a rough time for anyone who had high hopes for their equity compensation.
Earlier quoted context omitted.
Keep in mind that you might get burned - you are betting against many with better information.
The efficient market hypothesis is a myth
Buy high and sell low. That seems to be the MO of 2020+ investors. People are taking losses on these sales.
Keep the destruction coming sellers, it's appreciated.
Buy the dip?
I'm a buyer at this point. We'll see how earnings turn out tomorrow, but no matter how bad the macro environment, I think $COIN at 7 P/E is a good buy long-term.
Cloudflare is down 71% in that same period. Zoom is down 60%. Speculative pandemic tech darlings are no longer darlings and are being hammered across the board. It's going to be a rough time for anyone who had high hopes for their equity compensation.
($NET bagholder)
Seems like most Ycombinator backed IPO would've have been bad bets. Once shares are floated in the public market, retailers are an after thought.
I'm a buyer at this point. We'll see how earnings turn out tomorrow, but no matter how bad the macro environment, I think $COIN at 7 P/E is a good buy long-term.
Seems like most Ycombinator backed IPO would've have been bad bets. Once shares are floated in the public market, retailers are an after thought.