Coinbase stock lost over 75% value

Post by sulam » Tue, May 10, 2022, 2:04 AM UTC

_uy6i wrote: post #66

cj wrote: post #31

I’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?

Post by presspot » Tue, May 10, 2022, 2:06 AM UTC

cj wrote: post #31

I’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…

Post by jollofricepeas » Tue, May 10, 2022, 2:06 AM UTC

colinmhayes wrote: post #58

gmays wrote: post #29

Earlier quoted context omitted.

Same. I've also bought Affirm, Shopify, Netflix, Peloton and Roblox in addition to Coinbase since they've all dropped ~70-90% in the last 6 months. I agree they were overvalued, but we seem to be in overreaction territory now. Even if we haven't seen the bottom yet, I think we'll see a lot of upside in these over the next 2-5 years.

Netflix really seems like a loser to me. Every production company has a streaming service now, and most make better content than Netflix. Sure Netflix’s app might be better, but it’s also twice as expensive as every other service. I guess that Netflix’s “replace basic cable” package might work for people who only want one service, but from what I remember most people did not especially like basic cable. Wouldn’t be s…

Post by corobo » Tue, May 10, 2022, 2:07 AM UTC

colinmhayes wrote: post #89

enos_feedler wrote: post #85

Earlier quoted context omitted.

Is netflix really aiming to “replace basic cable”? Seems more like replace hbo and a couple of random other channels. The price is outrageous, but I feel like we are getting to the point where market penetration involves business deals where a fraction of the sub is covered by someone else (carrier, credit card, etc).

Look at the number of shows they produce compared to other services. On mobile so not going to link, but easy enough to find. Pretty clear to me that their strategy is to have a show for everyone’s favorite niche. Compare that to HBO where the strategy is to create shows that are actually good. 90% of Netflix is crap, and that’s not to say they don’t make good shows, they just make so many bad ones.

Post by bfz » Tue, May 10, 2022, 2:10 AM UTC

chollida1 wrote: post #117

bfz wrote: post #92

Earlier quoted context omitted.

Worth recalling there are >5 rate hikes priced in for the remainder of the year, and that the problem with CloudFlare isn't just the speculation, but for their legitimate business, the credit fuelling many of their customers, which are significantly concentrated in the tech sector. The coming tightening of hiring will also inevitably mean the tightening of infrastructure budgets. What built CloudFlare's excellent sal…

> I think we'll discover before the end of this year just how many of the tech darlings were largely side effects of the poisonous sandbox constructed by the US fed ?? Poisonous sandbox? Is this an awkward way of referring to money printing? Or the low interest rate environment?