2 ms·
No mention of peloton? The big problem is the umbrella of “tech stocks” includes an increasingly diverse set of companies that have little in common. FANGs are
by DataWorker 6y ago
No mention of peloton? The big problem is the umbrella of “tech stocks” includes an increasingly diverse set of companies that have little in common. FANGs are an example. Movies, advertising, consumer electronics, online retail, but we talk of “tech” stocks being too high or low as a group. Microsoft is not peloton. Amazon is not zoom.
- skohan 6y agoI think peleton is in a different class because at least they have a real product which people like to use, and good brand perception overall, but the valuation is also probably out of control.