Dot-com bust 2.0 is becoming a reality

TheDawn said:
AMZN especially. It profited tremendously at the expense of all the malls being closed...
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Their sorters and drivers benefitted from having a paycheck. Meant nothing to AMZN's stock price or it wouldn't have topped 15 months ago (near height of pandemic) and now be almost cut in half!
 
Banks were shopping Musk backed Twitter debt last week at .72 on the dollar with no takers. Shopping it today at .60 on the dollar and apparently still no takers.
 
The_Krakenite said:
The tech-wrek is a good thing. Could you imagine how highly insane crypto would be right now without the market corrections bringing it down a few pegs? Also, we got to see a few big-boys who were swimming naked.
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Old ways always work. Was halfway prepared this time around. Sometimes the old really old grey beards are correct. The hype cycle played itself in a very predictable fashion.

Akuma long Ag
 
Buying Twitter was like Bezos buying the Washington Post.

Do you think Bezos did that because he though newspapers were going to become an up and coming highily profitable business?
It's not about turning a profit. It's about having a means to control or direct discourse in to country.

Now either one of them can tell people like Biden, if you screw with me I'll let the public hear everything about (pick your favorite corruption here). If Musk wants to he can tweet a new picture every day of the week of the various whores Hunter Biden has been sleeping with.

Anyway, I don't think the bust has really even started yet. Let me know when unicorns like Snapchat start dying.
 
engineering said:
Buying Twitter was like Bezos buying the Washington Post.
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Buying twitter was nothing like buying the Washington Post. Twitter was bought out of an unthinking egoistic boast and it will go down in history as one of the top 10 worst deals ever made.

engineering said:
If Musk wants to he can tweet a new picture every day of the week of the various whores Hunter Biden has been sleeping with.
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If it really mattered what a President's children were up to, we'd know why the Saudi's gave Jared Kushner and Ivanka Trump $2 Billion dollars.
 
Well, the parking lots are all filled at the 2nd-hand shop stores....

But that can't be. Didn't Biden say we're doing better than ever? Or something to that effect... :confused:
 
gwb-trading said:
Dot-com bust 2.0 is becoming a reality
https://www.axios.com/2022/10/28/stock-market-tech-dot-com-bubble-2022

There's a distinctly dot-com-ish feel at the moment, as even tech companies that once seemed untouchable are taking massive tumbles in the stock market, Axios Markets author Matt Phillips reports.

Why it matters: Stocks that led the market for much of the past decade have fallen on hard times after surprisingly weak earnings from major tech companies.
  • Meta's 75% collapse since its September 2021 peak has destroyed more than $800 billion in stock market wealth.
  • Amazon shares collapsed after it, too, posted disappointing results — and a Q4 warning — at the close of trading Thursday.
The other side: Twitter and Apple are exceptions to the rule.
  • Elon Musk closed his deal to purchase Twitter at $54.20 per share. One source inside Twitter noted they wouldn't be surprised if Twitter's stock would have been trading at $15 sans the deal drama — a figure similar to some of its competitors like Snap and Pinterest, Axios' Sara Fischer and Dan Primack write.
  • Apple announced earnings on Thursday that narrowly exceeded expectations and became an exception to the recent drop in some Big Tech stock prices.
Zoom out: The tech stock collapse has drawn comparisons to the industry's last bubble, which burst in the early 2000s.
  • The original dot-com bubble — which peaked in March 2000 — burst with a slow-moving crash that sank the S&P 500 by roughly 50%.
(Article has stock price charts)
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This didn't age well. In particular, Meta up 156% since this post ( 8 months ). Most of big IT up since.
 
gwb-trading said:
Dot-com bust 2.0 is becoming a reality
https://www.axios.com/2022/10/28/stock-market-tech-dot-com-bubble-2022

There's a distinctly dot-com-ish feel at the moment, as even tech companies that once seemed untouchable are taking massive tumbles in the stock market, Axios Markets author Matt Phillips reports.

Why it matters: Stocks that led the market for much of the past decade have fallen on hard times after surprisingly weak earnings from major tech companies.
  • Meta's 75% collapse since its September 2021 peak has destroyed more than $800 billion in stock market wealth.
  • Amazon shares collapsed after it, too, posted disappointing results — and a Q4 warning — at the close of trading Thursday.
The other side: Twitter and Apple are exceptions to the rule.
  • Elon Musk closed his deal to purchase Twitter at $54.20 per share. One source inside Twitter noted they wouldn't be surprised if Twitter's stock would have been trading at $15 sans the deal drama — a figure similar to some of its competitors like Snap and Pinterest, Axios' Sara Fischer and Dan Primack write.
  • Apple announced earnings on Thursday that narrowly exceeded expectations and became an exception to the recent drop in some Big Tech stock prices.
Zoom out: The tech stock collapse has drawn comparisons to the industry's last bubble, which burst in the early 2000s.
  • The original dot-com bubble — which peaked in March 2000 — burst with a slow-moving crash that sank the S&P 500 by roughly 50%.
(Article has stock price charts)
More...
This article didn't age well and was a perfect bottom call for the NASDAQ. No surprise Axios is a political online rag that doesn't know shit about markets.
 
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