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> ... what do you think would happen to the stock price of high flying growth companies that don't even make a profit? They're already down as much as 80%. If
by arcticbull 5y ago
> ... what do you think would happen to the stock price of high flying growth companies that don't even make a profit?
They're already down as much as 80%. If I were looking around today, I'd kill to join one of those high growth tech startups with a solid balance sheet that just got the crap kicked out of its stock.
- moneywoes 5y agoAny names? Besides SQ I don't see many
- arcticbull 5y agoThat's the big one I had in mind.
- peanuty1 5y agoIn addition to Block there's Pinterest, Coinbase, and Roblox.
- pclmulqdq 5y agoPretty much none of them have a solid balance sheet, though. They are all selling hopes and dreams. When something is overvalued by a factor of 100 and goes down 80% it's still overvalued by a factor of 20.