401–410 of 466 posts
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.
Guess I'll buy some cloudflare along with hashicorp
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.
Good, let it fall much more.
Coinbase was never a darling for anything but the out of touch uninitiated (marks) in the 'crypto markets' because only MTGOX was ever this incompetent and amazingly useless at what they do. Be it from canceled purchases, reversed transactions, inappropriately flagged, suspended, or canceled accounts etc... There history is one of perpetual incompetence with little to save them other than being backed by the tech oligarchs and VC.
Armstrong's appearance on the all in podcast just reminded me why their is so much distrust in this space as a result of people like him, all they wanted to do was virtue signal to one another about being a 'non-woke' worksplace. But they never addressed this very clear and glaring issue: the IPO was over-inflated and their relevance in this space is based on convenience of an ever smaller demographic. I wish they got to how and why they acquired 21, but that would require a level of transparency that I don't think he is capable of.
I hope Jack eats Armstrong's fucking lunch and just fights a war of attrition from his cut of the Twitter Buy out by Elon.
I don't think there is a place for Armstrong in this ecosystem since he sided with Ver and set us back for several years, but it's with absolute schadenfreude that I look at this YC backed unicorn go down in flames.
Just like how Altman turned out to be a conman pushing Worldcoin, Armstrong is of same SV insider ilk.
What that looks like maybe horrible since they hold so much BTC, despite supposedly being advocates of the BCASH fork during the Segwit/USAF wars.
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It was 17 years https://money.com/tech-stocks-recovery-dotcom-crash-bubble/
That’s using a different index than I used. Neither is right or wrong, hard to define “dot com” bubble stocks precisely
https://www.theguardian.com/business/2015/apr/23/nasdaq-new-...
It took 15 years.
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Please don't call it zero-fee. Try buying $1000 worth of any stock and immediately selling again. Notice how you now only have $980. You effectively paid a $20 fee. It was just a hidden fee in the spread caused by whoever executed your trades.
Please stop spreading misinformation. There are two prices, the bid price (how much someone is willing to pay) and an ask price (how much someone is willing to sell). When you submit a market order, you usually get a price close to the bid (if you’re selling) or the ask (if you’re buying). The 20$ difference you describe is the spread - not a fee taken by the brokerage, market maker, exchange. Whoever is executing yo…
So when you execute both trades, you are putting a literal $20 into their pocket.
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.
> tech darlings are no longer darlings and are being hammered across the board. Good, let it fall much more. Coinbase was never a darling for anything but the out of touch uninitiated (marks) in the 'crypto markets' because only MTGOX was ever this incompetent and amazingly useless at what they do. Be it from canceled purchases, reversed transactions, inappropriately flagged, suspended, or canceled accounts etc... Th…
Where I felt it was a but empty was on the part where he talked about the mission. I felt like he's trying to find a reason for them to exist when in fact their success until today is from retail investors pumping Crypto. I don't think there's much good in the world coming from their actions.
PS I don't have any Coinbase shares.
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Yes and no. You might not have cash to spare (especially in such a volatile period). Also, investing more might exceed your exposure limit to a single stock/industry.
Sure you should have a diversified portfolio but everything is also on discount. Warren Buffet went on a buying spree. If you don't have cash to spare thinking about investing isn't what you should focus on but instead doing basic financial wellness like having a savings account. Also cash has been outperforming the market so far so cash isn't necessarily a bad investment.
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This is a delightfully succinct way to put it, going to steal this one!
The phrase "irrational exuberance" is sprinkled throughout John Bogle's book, Don't Count On It. (At least I think I'm remembering that correctly. But some Google brought up Alan Greenspan as using the phrase a lot.) If you don't recognize the name, he founded Vanguard and the first index fund.
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One has to be crazy to IPO now yes..I'd wait a couple of years.
Hence rsus are still more attractive than late stage equity - I might have this choice coming up between companies to join
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.