291–300 of 466 posts
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Small consolation for all of those people with big equity packages on recent prices.
When Robinhood's stock tanked, employees were given a bump in equity. I suspect Coinbase will do the same if they haven't already.
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And? That’s not solace to anyone who owns COIN and could’ve bought GOOG instead.
Google is "propped up" by index funds*. Everyone who isn't an edgy reddit wsb/crypto meme lord has been told over and over to buy SPY et al with religious devotion and take the "guaranteed 6/7/8/9/10%" annual returns to a happy retirement. They tend not to touch their portfolios until things get super ugly, which we may see soon. *propped up is a bit complicated here, people are just buying these bundles of corporati…
So is Coinbase. Total market funds are the default index funds most people use, not the S&P 600.
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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Day trading is not investing.
By what measure? I move money around trying to grow it. That's investing. > expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property None of that says "long term"
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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.
Blockchain and Crypto are fairly useless in areas with reliable currency. The Ruble is a garbage currency and so, it's entirely feasible that the stated advantages/benefits of something like BTC really do add up in a place like Russia. But I'm not sure BTC is the solution, or that there are really any solutions as of yet. As for 'meaning something bad' and not being sure about it, why would you even respond? It's jus…
Such as?
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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…
Are you saying 18bn is way too high or way too low when you say ' lI don't think CloudFlare's fair value is anywhere remotely near $18bn?' I know it's down a lot but I'm asking because it started from such a loft valuation I have no opinion on NET but a lot of the cloud bubble stocks of the last few years needed to come down by 95 percent IMO to get closer to intrinsic value. To do that they'd first drop 90 percent,…
A reasonable starting point might be where it was prior to Covid QE and rate reductions (-61%), add one company-specific shock due to missed growth expectations (-30%), maybe +20% for real growth experienced over Covid in the meantime, and that already leaves us with $6bn, before accounting for the effect of the fed beginning to unwind their balance sheet (which starts in June, initially at around 1% per month)
Incrementally buying at $18-$25 would definitely feel tempting in that scenario, assuming the fed delivered its claimed targets, and only with the understanding the IPO price should not be considered a floor.
This is all before considering the reality their product isn't much more than a commoditized fly on the windshield of bigger vendors, and it's easily possible to imagine a Lightsail-like competitor appearing in the meantime.
Gods I know. Basically everything I invested in in my spare time day trading during the pandemic is down to an insane degree. My entire portfolio is in the red except Tesla, AMC and Nvidia. Shits getting real depressing.
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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
I’m not saying either is bad software.
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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…
" Have there been any new widely successful tech companies emerging since Facebook in 2009? " Isn't Cloudflare an obvious example?
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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.