Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Coinbase stock lost over 75% value

google.com

Post reply on HN
Print view View original

261–270 of 466 posts

Re: Coinbase stock lost over 75% value

#261

Post by gorgoiler »

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.

Cloudflare’s value, as a business, is in their crack team of amazing neteng talent.

All these employees could just leave if they wanted to. If you are a public company and your worth is so heavily dependent on talent, how do you mitigate that risk?

Is there a future for football player style contracts for engineers, where you are tied in to a team for N years, and with a requirement that another team has to pay big money for your contract if they want you to transfer?

Re: Coinbase stock lost over 75% value

#262

Post by esoterica »

ayngg wrote: post #186
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.

Like half of NASDAQ has lost ~50%, a quarter have lost ~75% and 5% have lost ~90% of their value from their highs. Coinbase is not an outlier, basically everything growth and risk on is getting dragged out behind the shed right now.

Coinbase has a P/E of 5.8, which means the market thinks profits are going to shrink in the future. It's the opposite of a growth stock.

Re: Coinbase stock lost over 75% value

#263

Post by bluefinity »

IncRnd wrote: post #239
thematrixturtle wrote: post #152

Earlier quoted context omitted.

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.

While "toxin" refers specifically to a poison produced by a living cell or organism, "toxic" does not -- it's a synonym of poisonous, directly derived from the Latin word for "poisonous".

"Toxin" is a newer invention, derived from "toxic" by adding the biochemistry-related suffix "-in" to indicate toxic substances of biological origin.

Re: Coinbase stock lost over 75% value

#264

Post by Yhippa »

jshen wrote: post #183
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.

I’m not sure what you’re implying. In terms of investing, you should not wait until it recovers, you want to invest near the bottom and on the way up. The money you have in now should be held.

If you know when the bottom is, you shouldn't be posting here, you should be chilling on your yacht.

Re: Coinbase stock lost over 75% value

#265

Post by ncmncm »

pingeroo wrote: post #197
StanislavPetrov wrote: post #86

I remember the "dotcom crash" of 2000, after which all of the scuttlebutt was about how the internet was a fad and all the related investments were just a giant bubble. The rhetoric I'm hearing today about crypto is strangely reminiscent. How it will turn out, nobody knows, but humility is warranted if history is any guide.

Not sure why you're getting downvoted. I wasn't even alive during the dotcom bubble but every account I've heard of it sounds similar to the cryptosphere. Insane valuations. People blindly jumping on the bandwagon. Money blindly being thrown around left, right, and centre towards anything 'web3'. Plagued with tremendous amounts of arrogance, greed, and hubris. People buying Lamborghinis and the like. Classic gold rus…

Difference is that the internet was and is a real thing with real value. There were a zillion dotcoms thrown up onto it that offered no such value.

Crypto coins and NFTs are like the latter.

Re: Coinbase stock lost over 75% value

#266

Post by imranq »

scarface74 wrote: post #232
tmaly wrote: post #212

Earlier quoted context omitted.

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…

Your old computer running newer versions of Chrome and Office is a feature, not a bug. More efficient software is better software

Re: Coinbase stock lost over 75% value

#267

Post by XorNot »

bob1029 wrote: post #166
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.

Mongodb is also taking quite a beating. Probably doesn't help that sqlite has been all over the front page lately (e.g. right now).

MongoDB are basically their Atlas product right now, and AWS has a number of offerings aimed right at it.

I'm surprised Google hasn't been more aggressive in this space, but Google cloud strategy has never made terrific sense to me.

Re: Coinbase stock lost over 75% value

#268

Post by homero »

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 own Cloudflare too, it'll recover long term

Re: Coinbase stock lost over 75% value

#269

Post by thinkingkong »

cercatrova wrote: post #254

It is interesting that Bitcoin is only down 50% in the same time, that means Coinbase is not strictly correlated with BTC then. So, there must be another reason why Coinbase is down, which would be interesting to figure out.

Oh it's strictly correlated just not pinned.

Re: Coinbase stock lost over 75% value

#270

Post by brundolf »

gen220 wrote: post #200
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'm a NET watcher/holder, I've read most of their earnings call transcripts and SEC docs since the S-1. IMO, they were way overvalued at their peak on fundamentals. With the recent slide, I think they're "far" undervalued, to an extent that varies based on how much value one attributes to present and future tailwinds that cannot be encoded on a balance sheet as future receivables. Boiling it down, I think institution…

This may be the wrong place to ask, but if a regular person wanted to buy stock in an individual company or two, and mostly hold it (not day-trade), what's the right channel for that?

Might put some fun-money in Cloudflare

Post reply on HN