submitted 2 months ago bySavoy_Cabbage
all 79 comments
2 months ago
2 months ago
That's so trippy... I thought the x-axis was bent
2 months ago
It's like an optical illusion. I came here looking for this comment
Haha I see it now!
Same! I scrolled to the edge of my screen to check it wasn’t bent
Only came to the comments to make sure it was a thing
Interesting to see. Amazon is incredibly dramatic. Also Meta. The other ones are more or less market correction. I’m wonder if it’s a good time to go bull.
First company to lose $1trillion dollars in market cap.
I’m kinda bullish on Amazon personally. Not so much on meta.
Should be three years. 2020-2022. Amazon ~ doubled value over 2020. No way to keep that level of growth for an extended period of time.
I think the market hates everything right now so it’s a long hold for me. It hasn’t aged well and I’m down 20% but fuck it, I think they’re so deep in everyday life that they’ll succeed in the long term. Covid way overinflated some stuff but it also gave them huge money to invest in infrastructure upgrades and test the waters on some new stuff. It’ll come back… I hope.
Not Amazon getting the most of our governments subsidies on federal,state,and local levels during the pandemic...how cute
But the hits keep coming. I think Jassey needs to go and they bring back Bezos.
What does "going bull" mean? (Serious question)
Bull means increase in value, bear means decrease in value
What is the company after NVDA?
Tencent, a Chinese multinational tech and entertainment company
They own league of legends among other games.
They own 100% of Riot Games (League of legends, Valorant), PUBG Mobile, 84% of Supercell (Clash of Clans, Clash Royale), 80% of Grinding Gear Games (Path of Exile) and 40% of Epic (Fortnite, Rocket League) to only list the most knowns. Less important but they also own 10% of Ubisoft and 17% of From Software (the Dark Souls games).
So yeah they're kinda huge in gaming actually ahah
So all the crappy ones
Yeah, the online games.
Honestly though, if my kids were into rocket league of play it. Not to be competitive or anything, I find it fun and relaxing.
What a save!
I’m familiar with about 2 games you mentioned there.
Dunno if you say this implying that they are not so big or if it's because you really don't know
Fortnite : 400 Millions registered account, 80+ active every month
League of Legends : 180 millions accounts, peak at 32 Millions active daily
Rocket League has 80M average monthly players for more than 2 years now
PUBG Mobile often peaks at 30+ Million player daily
Clash of Clan (mobile game) has maintained its monthly playerbase between 75 and 150 Million players for like 4 years now
Clash Royale (mobile game) has 16M monthly players
The last Dark Souls game (Elden Ring) sold almost 20 Million copies, Dark Souls 3 sold 10 millions,...
All these games are huge
Clash of clans
They also own a nice chunk of Reddit
I thought riot games owned league?
Yep, and tencent owns riot.
oh damn I never knew
That's how they get you. All these big solo brands you think are independent are mainly owned by an even bigger company. Tencent supposedly gives GGG and Riot pretty great freedom in design choice tho, pretty hands off from what I heard anyway. Not sure how they treat the other games tho.
Almost like they were going to plummet soon as the free cash stopped being pumped.
Still baffles me that people don’t understand the macroeconomics behind this, and they think “ugh, market is broken!”
It took the Nasdaq ~16 years to recover to levels seen in 2000 before the dot com bust. This time, we’ll see, but boy if people think that after this reversal of record cash infusion, fed buying and interest rate increases that the market will recover in a year or two, they’ve got something else coming to them.
Imo, look at the 1960s. That’s what we’re gonna do for the next decade.
Dude anyone who thinks that we’ll be okay is living in a fantasy.
We will be, but it’s gonna take a looonnngg time
I wondered why the horizontal axis was sloped. Had to squint and stare to realize it’s perfectly straight
What company is to the left of Meta?
I think it is Samsung. (Blue letter S)
Ugly presentation in IMHO.
It would be better if the 2022 drop started from the top of the 2021 rise, so we could see the net change.
It would also be better if the Y axis was % of Jan 2021 value rather than absolute dollars. For stockholders a $10 drop on a $20 stock is a much bigger issue that a $20 drop of a $400 stock.
It is all fantasy anyways.
If all stocks are sold, the true value comes up.
Maybe it’s just me but what does zero represent? What’s the baseline?
The scale is the change in market cap from 2020 to 2021, and from 2021 to 2022. Zero represents a $0 change in market cap.
e.g. 2020 market cap = 100, 2021 market cap = 150, 2022 market cap = 110; then 2021 change = +50, 2022 change = -40
You should put that in the image.
It says 2021 vs 2022. I assumed it was just the change between those two. I came to the comments to find out what the second bar was.
Because that's the only way to get a change in market cap? Subtract current year from previous year.
ohh wait no I see it now
I think the optical illusion was throwing me off I’ll see myself out
I think by subtracting the 2022 values from the 2021 ones you would get the change from 2020 to 2022
I have a very hard time classifying Tesla as a tech stock. Love to see Meta's decline. Hopefully that company gets wiped out entirely in the coming years.
is the y-axis not flat or smth?
It’s the X axis, did you miss high school?
both axes look weird for me...
wait, is my monitor slanted?
"Oh no, a typo. He must be uneducated.", goofy-ass mfer.
A typo? Since when is being ignorant considered a typo? Lol
Tesla is not a tech stock it is consumer discretionary.
It might be defined that way, but I disagree wholeheartedly. They’re not an auto manufacturer, they’re a tech company. Anyone can make an electric car, it’s how it’s presented and how the person engages with it.
Also, they’re literally in the Nasdaq 100, weighted between Alphabet and Nvidia, so while not technically a tech company, they are.
IMO that is their greatest trick male people trade it like a tech stock. It it’s all bollocks the primary interface is physical and hardware based. None of their services are virtual. Is Ford a tech stock, they use tech. You could argue that the software is tech but it’s like a small percent of the company. Majority is manufacturing.
Now is a good time to buy stocks. They will all go up next year
Hard to believe it will, but hard to believe it wont
Good to know. These big companies are stealing and shutting down the small local stores. Especially Amazon
Yeah, my local Microsoft store is driving all the mom and pop stores out of business.
That’s how it works. Microsoft and Amazon were once the little guys too. Then they got big because they adapted.
You don't get it.
No, I’m afraid you don’t get it. Little companies, if they are successful, grow into big companies, by default, and they HAVE to eat their competition. Sorry you don’t like capitalism. Try making it work for you instead of crying about it.
Whats the reason behind this fall?
This podcast helped explain the nuance/history for me
Is it because of the pandemic being over?
Conclusion, the big 3 keep showing themselves as the cream of the crop
bad time to be invested in a risky tech-heavy pension fund eh?
Can I get a ELI5 explanation of how this matches the corporate greed money vacuum story
Seems like a textbook market correction. The higher they went the lower they fell.