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Coinbase stock lost over 75% value

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Re: Coinbase stock lost over 75% value

#321

Post by roflyear »

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.

No post body was provided.

Re: Coinbase stock lost over 75% value

#322

Post by sbahr001 »

Its like a mini dot com crash. A lot of pandemic had incredible growth that is was truly sustainable. Now you have companies want their employees back in the office. So all that "growth" that could have been this year is not there.

Re: Coinbase stock lost over 75% value

#323

Post by jsjohnst »

kortilla wrote: post #282
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…

Opposing view. Cloudflare doesn’t own anything significant in the form of data centers. Having small rented footprints at IXPs across the globe is not an asset, it’s just a cost. I’m not downplaying the difficulty of getting it setup but there is no intrinsic value in having it if demand for their product collapses. > Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade This is…

> Cloudflare doesn’t own anything significant in the form of data centers. Having small rented footprints at IXPs across the globe is not an asset, it’s just a cost.

Akamai is the leading global CDN provider, want to guess how many data centers they own? Sure, owning a data center is an asset, but it’s also a liability too.

Re: Coinbase stock lost over 75% value

#324

Post by jshen »

Yhippa wrote: post #264
jshen wrote: post #183

Earlier quoted context omitted.

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.

You missed the point.

Re: Coinbase stock lost over 75% value

#325

Post by geitir »

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).

I hate mongodb with a passion so maybe that's bringing it down

Re: Coinbase stock lost over 75% value

#326

Post by princevegeta89 »

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.

Don't see all that much value in them honestly. Way too expensive and centralized

Re: Coinbase stock lost over 75% value

#327

Post by jshen »

nradov wrote: post #258
haswell wrote: post #228

Earlier quoted context omitted.

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…

It's interesting to look at the list of 11 companies profiled by Jim Collins in his classic 2001 business book "Good to Great". How many of them are still considered great today? In other words, is being great at one point of any value in predicting long-term success? Abbott Laboratories Circuit City Stores Fannie Mae Gillette Company Kimberly-Clark Kroger Nucor Philip Morris Pitney Bowes Walgreens Wells Fargo https:…

Again, they aren’t a good company today if they can’t weather a down turn. They may have been a good company in the past, but they aren’t currently if they can’t make it.

Re: Coinbase stock lost over 75% value

#328

Post by themusicgod1 »

bfz wrote: post #92
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…

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…

CloudFlare is a poisonous sandbox constructed for the benefit of the US federal government. That's what made them 'valuable', that is their 'value'

Re: Coinbase stock lost over 75% value

#329

Post by roflyear »

ge96 wrote: post #205
JoeOfTexas wrote: post #202

Earlier quoted context omitted.

That blows my mind.

Yeah don't want to say "addiction" like "buy the dip" (as it continually went down) I thought I was smart turning credit into cash but I also was losing money through fees. Anyway after messing around with my own trading bots (at loss not using smart algos or anything) I'm not sure if it was worth it... fun project I guess/code practice. At least for that I was just messing around with small amounts eg. oh yeah I'm c…

Best way to grow wealth as an individual in your position is to maximize your income any way you can. You won't get rich investing $100 here and there, likelihood that you'll make good money gambling is also extremely low.

In that spirit, coding practice is probably a good thing and was probably worth the money spent.

Re: Coinbase stock lost over 75% value

#330

Post by vmception »

esoterica wrote: post #274
vmception wrote: post #22

Earlier quoted context omitted.

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.

It contradicts whichever part you want it to

But that was the biggest rally in a very long time, 3% on broad indices, only to erase all gains and continue lower

Somebody created exit liquidity

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