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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 everyth
by ayngg 4y ago
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.
- esoterica 4y agoCoinbase has a P/E of 5.8, which means the market thinks profits are going to shrink in the future. It's the opposite of a growth stock.
- sooheon 4y agoEx-growth. Which, as long as companies don't outgrow expectations in perpetuity, is the final destination of all growth stocks.
- roflyear 4y ago