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A lot of bubbly tech stocks are down massively, it's not particular to Square. The bubble popped. Teladoc is down 77% Fastly is down 77% Pinterest is down 71
by adventured 5y ago
A lot of bubbly tech stocks are down massively, it's not particular to Square. The bubble popped.
Teladoc is down 77%
Fastly is down 77%
Pinterest is down 71%
DraftKings is down 70%
Zoom is down 69%
Palantir is down 66%
DocuSign is down 62%
DoorDash is down 61%
Twilio is down 57%
Twitter is down 55%
Roblox is down 55%
Etsy is down 54%
DigitalOcean is down 53%
Shopify is down 50%
Cloudflare is down 50%
Unity is down 49%
Netflix is down 42%
CrowdStrike is down 39%
Okta is down 36%
Atlassian is down 35%
Salesforce is down 31%
And so on. The air also continues to leak out of the meme garbage stocks.
- mstipetic 5y agoWow this is actually true. I have no idea how I'm only realizing this now
- adventured 5y agoThe tech media and media in general is intentionally not talking about it widely. For ~6-8 years there was 24/7 talk of: "is the bubble ending? when will it end?". Then the bubble actually ends and everybody stops talking about it - because it finally actually happened and that's a lot more terrifying than speculating on ifs and whens. Trillions of dollars in paper wealth are going to vanish. A lot of these hyper multiple tech stocks are about to enjoy a long stretch of compression with far lower to negative returns, in the style of the post Nasdaq bubble years.