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
Just depends on your time frame
Coinbase stock lost over 75% value
61–70 of 466 posts
Re: Coinbase stock lost over 75% value
#62I’m particularly sad to see Cloudflare’s stock having plummeted. Out of all the tech companies that IPO’d in the past few years, Cloudflare is one that the most potential to excel long term. Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade, and their products are legitimately good, backed with tangible assets (datacenters). They also have consistent growth quarter over quar…
> Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade
I consciously stay out of negative threads about Cloudflare because I feel way too attached to them.
Re: Coinbase stock lost over 75% value
#63As a russian I like coinbase. It promotes crypto, which makes my world warmer.
Re: Coinbase stock lost over 75% value
#64I’m particularly sad to see Cloudflare’s stock having plummeted. Out of all the tech companies that IPO’d in the past few years, Cloudflare is one that the most potential to excel long term. Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade, and their products are legitimately good, backed with tangible assets (datacenters). They also have consistent growth quarter over quar…
I love CloudFlare engineering, I love the products they build. I don't see how they become something more Akamai 2.0 with a similar market size.
They can buy Oxide Computer and become a truly back-to-1997 retro-futuristic cloud company. Hindsight is 20/20. In gradient descent optimization, sometimes it is important to take backwards steps to get out of the local optima. We're going to look at AWS/GCP/Azure with the way manner we currently look at IBM/Cisco/Oracle. I also have no idea what I am talking about.
As far as them going bankrupt seems pretty unlikely as some people are saying. Remember - Paypal, Yahoo, Google, etc. amongst many survived through the dot com bust. Cloudflare can generate positive cashflows anytime they want by stopping future development.
Re: Coinbase stock lost over 75% value
#65Cloudflare 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.
P/E is back. Funny how irrational exuberance is seen as a normal market and a return to fundamentals is a financial crisis.
This is a delightfully succinct way to put it, going to steal this one!
Re: Coinbase stock lost over 75% value
#66I’m particularly sad to see Cloudflare’s stock having plummeted. Out of all the tech companies that IPO’d in the past few years, Cloudflare is one that the most potential to excel long term. Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade, and their products are legitimately good, backed with tangible assets (datacenters). They also have consistent growth quarter over quar…
I know nothing about NET other than the 30seconds I just spent looking at their financials - they managed to triple their revenue over three years but they seemed to have managed to about triple their losses over the same time period and they trade at ~30x sales, MSFT is ~11x, guess people believe they’ll be earning a ~$2b/year in the next several years?
Re: Coinbase stock lost over 75% value
#67I’m particularly sad to see Cloudflare’s stock having plummeted. Out of all the tech companies that IPO’d in the past few years, Cloudflare is one that the most potential to excel long term. Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade, and their products are legitimately good, backed with tangible assets (datacenters). They also have consistent growth quarter over quar…
$212M quarterly revenue with a $41M loss. In this climate you better have a solid PE as a public company or you’re in deep shit. This is the second dot-com bust. I worked at eToys for the first. $6B market cap and was delisted. Assets sold off for $2M when liquidated. Make no mistake about how bad things are about to get.
Re: Coinbase stock lost over 75% value
#68I’m particularly sad to see Cloudflare’s stock having plummeted. Out of all the tech companies that IPO’d in the past few years, Cloudflare is one that the most potential to excel long term. Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade, and their products are legitimately good, backed with tangible assets (datacenters). They also have consistent growth quarter over quar…
I love CloudFlare engineering, I love the products they build. I don't see how they become something more Akamai 2.0 with a similar market size.
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Re: Coinbase stock lost over 75% value
#69Earlier quoted context omitted.
Don’t try to catch a falling knife.
Catchy phrase, but what is actually wrong with dollar cost averaging through a downturn? It seems to be the only effective way to invest for the long term.
Yea would like to know any cons in this strategy. I’m dca’ing a portion of my paycheck every month. In Canada we have tfsa’s which allow for a certain contribution per year that is tax free if you get gains.
For the last few months my monthly contribution gets swallowed up by the losses and the balance hasn’t moved lol
Re: Coinbase stock lost over 75% value
#70I’m particularly sad to see Cloudflare’s stock having plummeted. Out of all the tech companies that IPO’d in the past few years, Cloudflare is one that the most potential to excel long term. Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade, and their products are legitimately good, backed with tangible assets (datacenters). They also have consistent growth quarter over quar…
A plummeting stock won't prevent Cloudflare from excelling, unless they are short of capital and have an urgent need to issue a secondary stock offering.