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Coinbase stock lost over 75% value

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Re: Coinbase stock lost over 75% value

#271

Post by bradlys »

nr2x wrote: post #53
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.

My personal rule is living expenses should be salary-bounded, as you can’t have security if you’re living off equity. But everybody assumes a risk level they’re comfortable with, this works for me.

Probably works in some parts of the country but it doesn’t work in SV unless you’re mega-wealthy already and paid off your house.

Re: Coinbase stock lost over 75% value

#272

Post by donatj »

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.

Re: Coinbase stock lost over 75% value

#274

Post by esoterica »

vmception wrote: post #22
______-_-______ wrote: post #17

Earlier quoted context omitted.

The efficient market hypothesis is a myth

exactly, the market mooned on the same information after Jerome Powell's speech than the ongoing decline the day after

That doesn't contradict the EMH at all. The EMH does not say that stocks never go up or down without news.

Re: Coinbase stock lost over 75% value

#276

Post by weatherlite »

_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?

That startup math worked out fine until a few months ago. The common wisdom was tech companies can always fire personnel when they will want to become profitable and until then increasing expense to get more market share is the thing to do. It's not completely baseless but obviously we now know too many companies rode this momentum and built businesses that might be unsustainable. We will see.

Re: Coinbase stock lost over 75% value

#277

Post by weatherlite »

brightball wrote: post #102
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…

It’s across the board. Everything that isn’t completely entrenched is taking a beating. Hoping to take advantage of the dip to buy into some other great companies that I missed and buy more Cloudflare too.

What's on your buy list? Asking for a friend.

Re: Coinbase stock lost over 75% value

#278

Post by homero »

worlds1066 wrote: post #41
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…

Agree, Cloudflare is doing some great stuff and always trying new things. Remember the Cloudflare TV Channel (if that still is around). I hope the loss in market cap doesn't hurt their innovation. (Disclosure also, I own NET)

They just added more content https://www.cloudflare.com/platform-week/cloudflare-tv/

Re: Coinbase stock lost over 75% value

#279

Post by NavinF »

jollybean wrote: post #193
snowcorn wrote: post #159

Earlier quoted context omitted.

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…

> I have no clue on earth why I am downvoted

Because everyone thought you were trolling with a dog whistle: “We need something (a bomb?) for you (Russia)”.

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