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The US economy != tech meme stocks. Small cap tech stocks were literally worth 10-20x their present values. They hired like crazy (chasing more of that funny-m
by onlyrealcuzzo 4y ago
The US economy != tech meme stocks.
Small cap tech stocks were literally worth 10-20x their present values. They hired like crazy (chasing more of that funny-money growth). Now they'll need to cut back some since the funny-money valuations are gone.
I wouldn't try to connect the dots and come to the conclusion that doom & gloom lies ahead.