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Very few people were confident enough to make a financial bet that tech valuations would tank by 50%. I'm not arguing whether it did or didn't work. I'm tryin
by camhart 4y ago
Very few people were confident enough to make a financial bet that tech valuations would tank by 50%. I'm not arguing whether it did or didn't work. I'm trying to point out that anyone who could have predicted this change in tech valuations stood to make a crap ton of money regardless of what Stripe did. You make it sound obvious--that's hindsight bias. It wasn't obvious.