Snowflake has gone from $405 to $171.
Zoom has gone from $406 to $99.
Shopify has gone from $1762 to $426.
Unity has gone from $210 to $66.
Square has gone from $289 to $99.
Roblox has gone from $141 to $30.
Coinbase has gone from $368 to $112.
Robinhood has gone from $85 (really $50-$60 stable) to $10.
Rivian has gone from $179 to $30.
Twilio has gone from $412 to $111.
DocuSign has gone from $314 to $88.
Etsy has gone from $307 to $92.
Pinterest has gone from $81 to $20.
Roku has gone from $490 to $92.
Beyond Meat has gone from $160 to $36.
Peloton has gone from $129 to $17.
Draft Kings has gone from $64 to $13.
Teladoc has gone from $174 to $33.
Virgin Galactic has gone from $57 to $7.
Palantir has gone from $29 to $10.
DoorDash has gone from $257 to $74.
Cloudflare has gone from $221 to $86.
Fastly has gone from $66 to $15.
DigitalOcean has gone from $133 to $39.
UiPath has gone from $90 to $17.
Asana has gone from $145 to $26.
Atlassian has gone from $483 to $224.
Okta has gone from $276 to $119.
And so on.
This is a massive ongoing collapse and it's holding (we're 5-6 months into the persistent decline), there is no rebound occurring.
The bubble is over (and has been for a while now). It makes sense there would be a sizable VC pullback from the public market crash that is happening to the more bubbly (and less profitable) companies.