I don't believe a lot of the tech companies valuations are based in reality. I think it is mostly based on hype of exponential growth, when really companies are

I don't believe a lot of the tech companies valuations are based in reality. I think it is mostly based on hype of exponential growth, when really companies are hitting a plateau in terms of value added to people's lives. It seemed like a huge opportunity for investors back when the companies were focused on growth and provided their services/products for free. But now as the companies need to adjust their focus to profitability, it turns out that a lot of companies can't be profitable unless they start charging subscriptions and filling user's feeds with advertisements, which is inevitably going to drive user engagement levels down to a more realistic level.