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A lot of bubbly tech stocks are down massively, it's not particular to Square. The bubble popped.

Teladoc is down 77%

Fastly is down 77%

Pinterest is down 71%

DraftKings is down 70%

Zoom is down 69%

Palantir is down 66%

DocuSign is down 62%

DoorDash is down 61%

Twilio is down 57%

Twitter is down 55%

Roblox is down 55%

Etsy is down 54%

DigitalOcean is down 53%

Shopify is down 50%

Cloudflare is down 50%

Unity is down 49%

Netflix is down 42%

CrowdStrike is down 39%

Okta is down 36%

Atlassian is down 35%

Salesforce is down 31%

And so on. The air also continues to leak out of the meme garbage stocks.



Wow this is actually true. I have no idea how I'm only realizing this now


The tech media and media in general is intentionally not talking about it widely.

For ~6-8 years there was 24/7 talk of: "is the bubble ending? when will it end?". Then the bubble actually ends and everybody stops talking about it - because it finally actually happened and that's a lot more terrifying than speculating on ifs and whens. Trillions of dollars in paper wealth are going to vanish. A lot of these hyper multiple tech stocks are about to enjoy a long stretch of compression with far lower to negative returns, in the style of the post Nasdaq bubble years.




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