Related to the post about the wisdom of taking investing advice from Reddit, here are some of the current largest 52 week losses as listed by the Yahoo Finance app, a rogue's gallery of previous Reddit favorites…and HIGHLY touted on here over the past 1-2 years:
Carvana: -90%
Peloton: -88%, doesn't include an additional -16% pre-market
Upstart: -88%
Snap: -85%
Novavax: -84%
Roku: -81%
Twilio: -79%
Shopify: -78%
Teladoc: -77%
Zoom: -75%
Lessons: do NOT listen to people who tout stocks on here, most of these will never recover their ATHs, you cannot recover from 80% plus losses by DCA-ing (LOL!), “technology is the future” is NOT a good investment thesis! People who are engineers and computer programmers arrogantly believe they are good investors, too, just like doctors! Valuation always matters, this time is NOT different.
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