this post was submitted on 30 Oct 2026
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Hi, I am not very smart at the economy. Is it considered good when a company loses over 60% of its value in one year?
At this point in history ... the economy looks and acts more like a religion or cult
It only exists based on the beliefs and faith of the people who follow it ... as soon as enough people lose faith in it, it is no longer worth anything
It is a religion, and the thought leaders tend to be just as mature as expected when their theories get dismantled. https://www.youtube.com/watch?v=YJrhBwGw7Ac for more information.
a year? It's down 37.5% in five days !
Depends. Do you like that company? Then no.
I dislike the company, so Yay, Bonus!
It is excellent evidence that the founders and VCs chose exactly the right time to unload their scheme and rip off a naive public.