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One-year performance of tech stocks. Brutal. Looks like crypto.
Posted on 11/5/22 at 1:38 am
Posted on 11/5/22 at 1:38 am
3
Posted on 11/5/22 at 7:42 am to euphemus
I mean those are basically all the tech stocks they became massively overvalued during covid. Some of these probably heading towards inevitable bankruptcy.
Unlike crypto at least some of these companies actual provide a useful service or product. So maybe a few will come back.
Unlike crypto at least some of these companies actual provide a useful service or product. So maybe a few will come back.
This post was edited on 11/5/22 at 7:45 am
Posted on 11/5/22 at 7:54 am to UltimaParadox
quote:
Unlike crypto at least some of these companies actual provide a useful service or product. So maybe a few will come back.
LOL. You buy the company who makes stationery bikes with Ipads attached and I'll buy more Bitcoin. Check back in 5 years to see who wins.
Posted on 11/5/22 at 7:55 am to euphemus
How many of those generate a profit?
Posted on 11/5/22 at 8:35 am to I Love Bama
quote:
LOL. You buy the company who makes stationery bikes with Ipads attached and I'll buy more Bitcoin. Check back in 5 years to see who wins.
Notice I said "some". Peloton eventually going to get bought out for pennies on the dollar or bankruptcy.
But yeah Bitcoin sure has held up well during inflation. Guess we still need to find that use case for it
Posted on 11/5/22 at 10:38 am to euphemus
way inflated P/E ratios
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