The burst of the bubble has begun. The airship in which we, investors, find ourselves, slowly loses altitude. To our great pleasure: the closer we are to the ground, the less brutal the fall.<\/p>\n
So, like us, you're probably wondering when to reinvest. When will the airship be low enough to jump in and follow it on its next ascent.<\/p>\n
Let's take a look at the \"sexy stocks\", the fetish stocks of investors. Their valuations have peaked in 2021, totally disconnecting from their fundamentals.<\/p>\n
Where are they today?<\/p>\n
Snap<\/strong> Uber<\/strong> Coinbase<\/strong> This situation concerns a large number of companies among which we can still mention Shopify, Snowflake, Peloton, WeWork, Doordash, ServiceNow, etc.<\/p>\n Conclusion: the airship is still high. And there is still a lot of air to deflate.<\/p>\n
Le d\u00e9veloppeur de l\u2019application Snapchat a vu son action chuter de 80% en 1 an.
The value of his company has dropped from $85 billion to $15 billion. An opportunity?
Surely not, the company is showing an operating loss of $1.1 billion over the last twelve months. With no profitable scenario in sight, Snapchat's business model definitely seems to be based on ephemerality.<\/p>\n
On the Uber side, the stock is down 39% year-over-year.
However, the accounts show the same thing. Operating result over 1 year: loss of $2.2 billion.
Once again, the business model seems to be doomed to negative margins and value destruction. The attempt to raise prices in order to find the right balance has resulted in a massive return of cabs in the game. A deserved redemption?
Note that Uber is still worth $55 billion on the stock market...<\/p>\n
The cryptocurrency exchange platform is losing 83% of its value over a year.
Crypto prices in free fall, trading volumes at a standstill, and a drop in the number of users: a painful hangover for the crypto ecosystem. Over the past 12 months, Coinbase has posted a $1.2 billion operating loss. A very uncertain future for a company still worth $13 billion. When you praise speculation, you have to assume that you are at the heart of speculation.<\/p>\n