Earlier quoted context omitted.
If there was only an ETF for shorting the startup tech sector...
You don't need an ETF to short the startup tech sector.
I also don't need SPY to invest in the S&P500, but it makes it easier!
Etsy stock has lost 76% of its value in 9 months
41–50 of 276 posts
Re: Etsy stock has lost 76% of its value in 9 months
#42Re: Etsy stock has lost 76% of its value in 9 months
#43Angie's List: from $28 in Jul 2013 to $9[0] Box: from $24 in Jan 2015 to $10[1] GoPro: from $87 in Oct 2014 to $11[2] Groupon: from $26 in Nov 2011 to $2.60[3] GrubHub: from $46 in Apr 2015 to $21[4] Twitter: from $70 in Jan 2014 to $18[5] Yelp: from $97 in Mar 2014 to $21[6] Zillow: from $121 in Feb 2015 to $22[7] Zynga: from $15 in Mar 2012 to $2[8] 0: http://www.google.com/finance?q=ANGI 1: http://www.google.com/f…
Yahoo: from $11 in 2011 to $50 in 2014 to $30 in 2016 I am actually surprised Yahoo is worth three times as much today as it was in 2011.
Yahoo is just a holding company for Alibaba value. It's totally fucked up.
Re: Etsy stock has lost 76% of its value in 9 months
#44Angie's List: from $28 in Jul 2013 to $9[0] Box: from $24 in Jan 2015 to $10[1] GoPro: from $87 in Oct 2014 to $11[2] Groupon: from $26 in Nov 2011 to $2.60[3] GrubHub: from $46 in Apr 2015 to $21[4] Twitter: from $70 in Jan 2014 to $18[5] Yelp: from $97 in Mar 2014 to $21[6] Zillow: from $121 in Feb 2015 to $22[7] Zynga: from $15 in Mar 2012 to $2[8] 0: http://www.google.com/finance?q=ANGI 1: http://www.google.com/f…
So I suppose the take-away is: avoid putting your savings in tech stock?
You should never be putting any savings in stocks except index funds, unless you're gambling.
Re: Etsy stock has lost 76% of its value in 9 months
#45Re: Etsy stock has lost 76% of its value in 9 months
#46"over-hyped gimmicky thing trendy with hipsters out-of-touch with reality starts to fail over short period of time"
not surprised one bit. i echo the sentiment of other commenters who give other examples.
this is only surprising if you are also out of touch with reality
Re: Etsy stock has lost 76% of its value in 9 months
#47Earlier quoted context omitted.
What point are you making? Perhaps it isn't too hard to look at examples of tech companies that have done well since IPO. This is quintessential cherry picking. The market in general has been downward recently but Atlassian and Godaddy are holding their own for example: https://www.google.com/finance?q=NASDAQ:TEAM https://www.google.com/finance?q=NYSE:GDDY
It is cherry picking, but you can cherry pick too for your case. Other than FB who is doing great?
[deleted]
Re: Etsy stock has lost 76% of its value in 9 months
#48[deleted]
It's not really correct to say "Wall St loses its shit."
I think it's more correct to say that the extremely high valuations to start with are predicated on the idea that these companies can expand well beyond their initial niche. They're all hoping to be like Facebook, who went from college kids to the whole world. When it starts to become apparent that this won't happen, valuations come down to reflect a niche product.
You may say that Twitter has been beaten with a bat by Wall St, but they are still worth 12 billion dollars. Someone hit me with that bat.
Re: Etsy stock has lost 76% of its value in 9 months
#49Angie's List: from $28 in Jul 2013 to $9[0] Box: from $24 in Jan 2015 to $10[1] GoPro: from $87 in Oct 2014 to $11[2] Groupon: from $26 in Nov 2011 to $2.60[3] GrubHub: from $46 in Apr 2015 to $21[4] Twitter: from $70 in Jan 2014 to $18[5] Yelp: from $97 in Mar 2014 to $21[6] Zillow: from $121 in Feb 2015 to $22[7] Zynga: from $15 in Mar 2012 to $2[8] 0: http://www.google.com/finance?q=ANGI 1: http://www.google.com/f…
Soon we will see uber, airbnb and dropbox added to this list. The problem is the new VC-funded startup model is a sham to rip off the public. Basically build a bunch of hype around fad-based, unprofitable companies with unsustainable business models and capture massive valuation of ~50x sales before going IPO and then insiders dump all the overvalued shares on the naive dumb money and only stick around long enough to…
I don't think Uber and Airbnb are particularly comparable to these companies. Uber and Airbnb have very clear business models.
Re: Etsy stock has lost 76% of its value in 9 months
#50Angie's List: from $28 in Jul 2013 to $9[0] Box: from $24 in Jan 2015 to $10[1] GoPro: from $87 in Oct 2014 to $11[2] Groupon: from $26 in Nov 2011 to $2.60[3] GrubHub: from $46 in Apr 2015 to $21[4] Twitter: from $70 in Jan 2014 to $18[5] Yelp: from $97 in Mar 2014 to $21[6] Zillow: from $121 in Feb 2015 to $22[7] Zynga: from $15 in Mar 2012 to $2[8] 0: http://www.google.com/finance?q=ANGI 1: http://www.google.com/f…
Soon we will see uber, airbnb and dropbox added to this list. The problem is the new VC-funded startup model is a sham to rip off the public. Basically build a bunch of hype around fad-based, unprofitable companies with unsustainable business models and capture massive valuation of ~50x sales before going IPO and then insiders dump all the overvalued shares on the naive dumb money and only stick around long enough to…
> The problem is the new VC-funded startup model is a sham to rip off the public.
That has always been the VC-funded startup model. The difference between now and the dotcom boom is that the public isn't so gullible anymore (or at least not so soon after the financial crisis). Your grandma in Wisconsin has long since shut down her brokerage account, and has no intention of reopening it.