patrick.net

Me.

On the other hand, I bought at 38.

Absolutely brutal loss there

Square
Paypal
DocuSign
Peloton
Nio
Coinbase
Moderna
Zoom

My gawd

Shopify and the ones mentioned by BayArea deserve to go down.

Some I have never heard of.

Shopify has a product/service which competes with eBay, Amazon, Facebook, etc. Good luck with that.

Hey, maybe they can resurrect Webvan?

Guys are just trying to get back the money they forgot to invest in AAPL.

I have some shitty BABA I was stupid enough to buy, any takers?

Patrick says

Me.

On the other hand, I bought at 38.

Great price. You make money when you buy

clambo says

Shopify and the ones mentioned by BayArea deserve to go down.

PYPL too?

I’m not sure how immune PayPal is to competition.

When I buy some stuff online, PayPal is an option among several ways to buy the item.

eBay seems like a great racket to me; they get their cut and do absolutely no work for it.
You compose the ad, upload pictures, pack it, send it.

clambo says

I’m not sure how immune PayPal is to competition.

You are right. But PayPal is dominant.

Of the list shown above, the only one I like is PayPal, probably because I have used it.
Normally I don’t think about stocks much at all, however I have bought a few and rolled the dice.

Personally I think it’s fun but not essential.

I think mutual funds are essential and a million bucks in them is useful but not essential.

clambo says

eBay seems like a great racket to me; they get their cut and do absolutely no work for it.
You compose the ad, upload pictures, pack it, send it.

Well, they give you the exposure to find a buyer, just like a realtor. If you can find a buyer on your own, you do not need Ebay or a realtor.

HeadSet says

Well, they give you the exposure to find a buyer, just like a realtor. If you can find a buyer on your own, you do not need Ebay or a realtor.

If ebay is a racket, then the real estate brokerages are a racket too, likely much more than ebay.

Any thoughts about GOOS?

I have some SHOP and even now it shows 13% annualized gain for me. Not spectacular, but not disasterous either.

Why has SHOP dropped so far so fast? Is a competitor gaining ground?

I don't see it. SHOP still dominates websites for businesses that want to be online, and their revenue keeps rising handily.

Maybe it's because they are showing a loss lately, but lots of rapidly growing companies are forgiven for showing a loss as long as they keep growing.

Patrick says

lots of rapidly growing companies are forgiven for showing a loss as long as they keep growing.

Like AMZN. And TSLA.

BayArea says

Who rode it down from 1763 to 340?

Ouch!

I shorted it at $1200 and exited the shorts at $600

Hircus says

Why has SHOP dropped so far so fast? Is a competitor gaining ground?

Market hysterionics. First on the way up, then on the way down.

https://finance.yahoo.com/news/tesla-apple-microsoft-peloton-all-of-tech-companies-hitting-the-brakes-on-hiring-202428628.html

Ecommerce platform Shopify (SHOP) is the latest tech company to reduce its ranks, announcing that it will cut 10% of its workforce.

Shopify Inc. (SHOP)
30.80/sh - 5.91 (-16.10%)
As of 12:05PM EDT. Market open.

zzyzzx says

https://finance.yahoo.com/news/tesla-apple-microsoft-peloton-all-of-tech-companies-hitting-the-brakes-on-hiring-202428628.html

Ecommerce platform Shopify (SHOP) is the latest tech company to reduce its ranks, announcing that it will cut 10% of its workforce.

Shopify Inc. (SHOP)
30.80/sh - 5.91 (-16.10%)
As of 12:05PM EDT. Market open.

Yep, I'd stay away from most big tech companies for now. Long term this seems like a solid co. but xiden inflation and people going outside again to do business will keep deflating the !covid! online pump. All in all the lockdowns were just another boon to big tech while destroying mom and pop stores.

Good day for SHOP today:

https://national-conservative.com/shopify-ceo-rebukes-far-left-campaign-to-de-platform-libsoftiktok/

Shopify CEO rebukes far-left campaign to de-platform LibsofTikTok

Shopify CEO Tobi Lutke rebuked a campaign by far-left activists to pressure Shopify to de-platform LibsofTikTik. There is a LibsofTikTok Shopify store that sells t-shirts and mugs stating, “Stop Grooming Our Kids.”

Nandini Jammi is at the forefront of the online campaign to de-platform LibsofTikTok. She is a self-described “watchdog,” and co-founder of Check My Ads.

He accused Nandini Jammi of hyping a “bad faith narrative.” This prompted hundreds of hysterical replies from left-wing activists claiming Shopify supports “nazis” and “hate.”

gabbar says

clambo says

Shopify and the ones mentioned by BayArea deserve to go down.

PYPL too?

PYPL fucked themselves when they got into crypto shit.

Tobi Lutke was not really in control of the company for a while. I'm hoping he's a legit good guy and is also cleaning house.

Seems to be on a solid upswing again:



They are basically a landlord for online businesses. So how they do depends on how the online economy does.

SHOP is recommended by Valueline

Nice to know. I think I'll hold.