Post
taishiro
Google's capex outlook has made investors more sensitive to the cost of future growth, while weakness in crypto markets is adding another layer of pressure to Coinbase and Robinhood.
There's also a valuation issue here.
Companies that were priced for years of aggressive growth are now facing a market demanding stronger evidence of profitability and sustainable cash flow.
The difference between a good business and a good stock becomes very clear during periods like this.
taishiro
This week's selloff is getting difficult to ignore.
Reddit and ServiceNow are both down roughly 33%, Coinbase has lost around 16%, while Robinhood is down approximately 12% on the week.
That's a serious repricing across growth stocks and crypto-related equities.
Part of the pressure comes from earnings reactions and concerns about how much companies are spending to compete in AI.
#CoinbaseQ3ProfitReturns
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