Many tech companies are posting growth inline with guidance and performing quite well. Many publicly listed companies are performing quite well in terms of projections. Condemning an entire sector because a single company shit the bed in their first earnings call is a bit much.
Consider that even after this huge drop they are still at their IPO price. Not that I'm a buyer of this company (I don't understand them - doesn't mean they are bad but just that I don't understand them enough to invest directly in them) but it isn't a disaster.
I've seen bubbles burst. You'll know it. This isn't it. This is a correction.
Many tech companies are posting growth inline with guidance and performing quite well. Many publicly listed companies are performing quite well in terms of projections. Condemning an entire sector because a single company shit the bed in their first earnings call is a bit much.
Consider that even after this huge drop they are still at their IPO price. Not that I'm a buyer of this company (I don't understand them - doesn't mean they are bad but just that I don't understand them enough to invest directly in them) but it isn't a disaster.
I've seen bubbles burst. You'll know it. This isn't it. This is a correction.