Tech’s reality check: How the industry lost $7.4T in one year

I don't believe a lot of the tech companies valuations are based in reality. I think it is mostly based on hype of exponential growth, when really companies are hitting a plateau in terms of value added to people's lives. It seemed like a huge opportunity for investors back when the companies were focused on growth and provided their services/products for free. But now as the companies need to adjust their focus to profitability, it turns out that a lot of companies can't be profitable unless they start charging subscriptions and filling user's feeds with advertisements, which is inevitably going to drive user engagement levels down to a more realistic level.

It didn't lose anything, most of these $7.4T didn't exist in the first place because the top minds of the world didn't understand covid was a very temporary outlier event. We're just back to normal after a coke overdose

Nasdaq is still up 60% percent over the past 5 years, so an alternative title could be, How the Industry gained $ X Trillion in Five Years.

That's nothing. I lost a trillion in a few hours. Sold a molecule of turkey to my cousin for a dollar then just ate a mouthful.

Trillions of dollars turned into poop in seconds! Horrific crimes. And I'm going to get away with it hahahahaha

There are losers and there are winners. Never fail the Mark Twain test. Live to fight another day, tiger.

A boom cycle followed by a bust cycle followed by a boom cycle. Should we be surprised?

Easy come, easy go. There was nothing special about tech that led to the meteoric rise in market cap in the first place. It was all speculation with easy money.