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Upstart at $74 and Affirm at $30. Fintech meltdown

Apr 22 22 Comments

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function

Dot com bust days r back. Keep buying puts and make money? How are folks in startups doing? #personalfinance #investments

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TOP 22 Comments

Twitter maxmcomp

This is the time to work for pre-ipo (private companies). Atleast they are shielded from the market melt-down.

Apr 22 0 12
- Twitter maxmcomp
  
  Instacart is the only exception so far. They did it to themselves since they wanted to go to IPO and no bank was ready to underwrite their ipo at their valuation. Had it been different year (like SNOWFLAKE )
  
  There are many unicorns lying around in the market. Got 200M funded for 2B valuation.
  
  Apr 22 0
- Google g👁‍🗨👁‍🗨gle
  
  And I believe you’d have similar excuse for stripe as well
  
  Apr 22 0
Amazon xcbnvf

Sofi at 6.30$ 😓

Apr 22 9 3
- Amazon xcbnvf
  
  Damn, that’s hard. Are you still holding?
  
  Apr 22 1
- Oracle rel@x
  
  Yep. When I need money I will sell. Not now.
  
  Apr 22 0
Google crystock

Lmao. I don’t understand why people would buy sofi. I dont see any difference between this and other banks Framed it as tech maybe

Apr 22 1 1
- PayPal name -
  
  It's mostly regulatory isn't it? SoFi is one of few fintechs with an actual bank charter?
  
  Apr 24 0
New
watn15
New

watn15
OP

Blend 10% Layoffs.. https://www.marketwatch.com/story/blend-labs-to-cut-10-of-its-workforce-2022-04-19

Apr 23 0 0
Google qNGn73

Bags are heavy. UPST 102, NVDA 245, PYPL 170

Apr 22 0 0