It's really fascinating to see so many companies that have fallen sharply below their pre pandemic levels, despite having two years of growth behind them.
Where the markets already overvalued in 2019? Or had the recent panic a big irrational overreaction? I would be interested to hear some opinions
Off the top of my head, I can think of Facebook, Spotify, Roku, PayPal and maybe Netflix all examples of companies that have taken a round trip back to 2019. Any other names out there?
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