@JAAJ
They wisely released during the peak of a global pandemic when people didn’t work and got free paychecks.
They had no market value before 2020. People went back to work and their user base dropped. If they had been listed for longer we would have seen the same bump as other technology stocks.
See, you can read the “A global pandemic, people are locked in their homes and do everything online. Mom and pops are going bankrupt, we’ll rule it all mwahaha” and the “yeah, we got caught up, now it’s going back to normal sorta”.
Again, a couple months into 2020, bump, 2 years later fall. Now of them are now shooting backup thanks to AI. But same pattern for the pandemic, it was industry-wide.
Particularly for social media like dating app because everyone was lonely stuck at home.
People are watching more movie only, it doesn’t look like much but below is still a 1/3 increase in value.
Same thing again, a couple months into 2020, bull market, then slop in late 2022.
This one is extreme but, 2020 begin nicely, a couple months in
Look at this, same pattern. Now, we’re looking at a giant, first company to reach a trillion dollar and then 2 trillion dollar, a couple points increase we’re talking tens of billions
2020 starts normal and then a couple months-in boom, then slop. Then it’s the AI craze.
You have to look at interest rate, industries and global events.
I’m all for the “down with the woke stuff” don’t let me workup a rant, but zoom out long enough and the trend gets clearer.
These dating apps were in the news all day long, they jumped on the bandwagon, the founders and CEOs walked out with a couple billions through an opportunistic IPO, a few planes and yacht were bought. Then it reverted to the mean.
Cause these mfkrs, print free money and just dump and dump money into their bigger political agenda and they won’t be the one footing the bill. Look at Dysney, look at whatever.
If anything they’re quintupling down this year and they’ve purged the little anti-woke voice.
Go woke go broke, doesn’t work, when the other guys has political power and free money, not from the vortex but through usury, subsidies and credit lines.