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Coinbase stock lost over 75% value

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Re: Coinbase stock lost over 75% value

#231

Post by jshen »

haswell wrote: post #228
jshen wrote: post #209

Earlier quoted context omitted.

Not really. If you can’t handle a down turn, how are you a good company?

This all gets a bit messy when trying to use a simple binary designation of "good" or "bad" to describe a company based on all factors about that company. Good companies come and go. Good companies of old no longer exist because the world changed. Some companies are good for awhile, and then lose their way. Nuance abounds. Not putting words in the parent commenter's mouth, but maybe a different way to say this is tha…

Great distinction!

Re: Coinbase stock lost over 75% value

#232

Post by scarface74 »

tmaly wrote: post #212
scarface74 wrote: post #168

Earlier quoted context omitted.

It took 15 years for Nasdaq to recover from the dot com bust. The S&P 500 was flat from 2000-2010.

But I think the pace of technology picked up. From the bust in 2001 we got the roots of web 2.0 in 2004.

Has the “pace of technology” really picked up in the last 10 years though?

In 2012:

- Apple and Google were the dominant mobile platforms

- Microsoft was dominant on the desktop

- Amazon was the dominant retailer and the dominant (but nascent cloud provider)

- Google was the dominant search engine and YouTube was dominant

- Facebook was the dominant social network

-Microsoft has been one of the top five companies by market cap since 2000 and Apple has been in the top 5 since 2011.

- Intel is still the top PC processor manufacturer.

If you saw a modern smart phone in 2022, would you really be impressed with the iPhone 12 ProMax compared to the iPhone 5s?

I was using a 2 year old Core 2 Duo 2.66Ghz Dell with 8GB RAM, gigabit Ethernet and a 1920x1200 (not a typo) screen. That computer can still run the latest version of Office and Chrome today.

In other words, the landscape hasn’t changed that much.

Now compare 2012-2002.

Have there been any new widely successful tech companies emerging since Facebook in 2009?

Re: Coinbase stock lost over 75% value

#233

Post by kumarvvr »

ferdowsi wrote: post #11

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.

Its surprising to see companies like CF being down. Like, they are the foundation on which apps and services are built. They are like the water supply, to the restaurant.

Is it a correction to true value or an over-reaction to market sentiment?

Re: Coinbase stock lost over 75% value

#234

Post by fastball »

ike0790 wrote: post #178
adventured wrote: post #98

Earlier quoted context omitted.

Because Bitcoin & Co can go sideways in a range for years while Coinbase prints an operating profit from the market-leading service they provide. Bitcoin doesn't produce anything, Coinbase does. What you're describing is speculating / gambling, betting on some kind of soaring event happening.

If bitcoin/crypto is chopping sideways GUARANTEED Coinbase will be chopping sideways as well

How? Does Coinbase not make most of their money on the spread?

Re: Coinbase stock lost over 75% value

#235

Post by systemvoltage »

tmaly wrote: post #219
systemvoltage wrote: post #64

Earlier quoted context omitted.

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…

What do you see version 2.0 of AWS/GCP/Azure looking like?

Back to on prem: https://www.economist.com/business/2021/07/03/do-the-costs-o...

Battle of cloud is intensifying: https://www.economist.com/business/the-battle-of-the-computi...

HIGHLY recommend looking at Stackoverflow architecture: https://stackexchange.com/performance

https://nickcraver.com/blog/2016/02/03/stack-overflow-a-tech...

Technology and society has ways to build up layers of abstraction. It takes some realization, hindsight, genius and humbleness to cut down the overgrowth and pick the fruits, plant new seeds.

Re: Coinbase stock lost over 75% value

#236

Post by throwanem »

snowcorn wrote: post #159
jollybean wrote: post #103

Earlier quoted context omitted.

We need something for you for sure, but it may not be blockchain, possibly not even crypto.

Could you elaborate further on this? I originally read your response as meaning something bad specifically based on the OP stating that they are Russian, and I am hoping that isn't actually the case.

You might be thinking of "I've got something for you," which is a false friend here.

Re: Coinbase stock lost over 75% value

#237

Post by theturtletalks »

pm90 wrote: post #204
LouisContant wrote: post #173

Earlier quoted context omitted.

> The coming tightening of hiring will also inevitably mean the tightening of infrastructure budgets. What indicates a coming tightening of hiring soon?

Stock doing poorly -> public company CEOs want to please wall street by showing greater revenue -> layoff (employees are largest cost center for tech companies)

Stock doing well -> public company CEOs want to justify by showing greater growth -> hiring

Re: Coinbase stock lost over 75% value

#238

Post by mersenne »

ike0790 wrote: post #178
adventured wrote: post #98

Earlier quoted context omitted.

Because Bitcoin & Co can go sideways in a range for years while Coinbase prints an operating profit from the market-leading service they provide. Bitcoin doesn't produce anything, Coinbase does. What you're describing is speculating / gambling, betting on some kind of soaring event happening.

If bitcoin/crypto is chopping sideways GUARANTEED Coinbase will be chopping sideways as well

Stock price, not necessarily revenue/profits.

Re: Coinbase stock lost over 75% value

#239

Post by IncRnd »

thematrixturtle wrote: post #152
bfz wrote: post #139

Earlier quoted context omitted.

It warms my heart to think I could still be graded on language use so late in life. How would you describe it?

It's a bit awkward since "poisonous" usually refers to things you eat, and sandboxes or their contents are generally not eaten. If you want to continue the sandbox metaphor, which I do like, "playing in the Fed's sandbox until the bottom fell out" might work. Or even "toxic sandbox".

> If you want to continue the sandbox metaphor, which I do like, "playing in the Fed's sandbox until the bottom fell out" might work. Or even "toxic sandbox".

All toxic substances are poisonous. A toxin is a poison produced by a living cell or organism.

Poisonous Sandbox was elegantly simple, pithy even, and quite appropriate.

Re: Coinbase stock lost over 75% value

#240

Post by granshaw »

ferdowsi wrote: post #11

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.

Won’t expectations for startup equity be even worse then? Hard to see any IPOs or good exits in this environment
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