GMEdd.com

I can think of one other.

Many of the most promising venture-backed companies of the 2015-2020 era went public or SPAC’ed into a pandemic market and promptly collapsed. They saw their market caps drop by 90%+ as free money stopped, and they weren’t ready for profitability being prioritized over revenue growth. Most of these companies over the last several quarters have been driving to achieve profitable growth - profits first, then growth. They are focused on fixing upside down balance sheets, significant cost restructuring, greater efficiency on customer acquisition, enhancing working capital/margins and building a strong foundation for what they hope are brighter days ahead. The good companies are getting very close to their profitability goals. However, some of these companies are still trading like they will go bankrupt - because some of them will. However, some will survive and once the market realizes they will be around for the long-term and be a possible market leader - I believe the return potential could be significant from their lows (e.g. Carvana 10x+ since Dec ‘22). And even further, in some select cases, we may look back at this time as a generational buying opportunity on certain iconic companies - like when Amazon dropped 94% peak to trough in the dot-com bust and has appreciated 400x+ since that trough. The next year will be very interesting to watch as the wheat may separate from the chaff. The survivors could appreciate significantly while others could ultimately fail. Who will thrive and who won’t make it?