Technology

It is hugely overvalued. We should scoff at their crazy highs instead of penalizing them for being below them. You can’t necessarily be blamed because at certain points investors wildly overvalued you. A lot of times the stock market punishes success. My employer for example doubled its business during COVID and when that spike eventually cooled off we were still on a good growth trajectory but a couple of quarters came in at negative YoY revenue and of course everyone lost their minds. This is why I always look at the zoomed out graph. It’s so easy to miss the real story looking at any one slice of it.