The Big Tech Stumble
Investors flocked to technology companies' shares over the previous ten years, betting on their upward trajectory due to their mouth watering revenue growth and solid long term prospects.
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Big Tech Is Crashing
Amazon anticipates fourth-quarter revenue to be between $140 billion and $148 billion, up 2% to 8% from the same period last year. Refinitiv reports that analysts were anticipating sales to total $155 billion.
Rivian, Still A Bubble?
Founded in 2009, Rivian Automotive, Inc. is an American manufacturer of electric vehicles and provider of automotive technologies. Its car a built on a so-called skateboard platform that can accommodate future vehicles or be adopted by other automotive companies.
Shopify's Growth Comes To A Halt
Shopify's platform is now being avoided by companies hurt by rising prices and decreasing consumer spending, which is impeding its efforts to correct previous errors in overestimating e-commerce demand.
Are Private Companies Overvalued?
Most recently IPOed companies have seen their valuation cut in half in the last months. These include well-known companies like SoFi, Marqeta, Robinhood, Affirm and many other so-called FinTechs or SaaS companies.