“Just look at Alphabet’s $50bn stock market slide after its own AI chatbot Bard had a badly receive premiere. “But there will be a lot of long faces around Silicon Valley if the excitement fizzles out again” “To further sweeten the deal, the public reaction to ChatGPT has created the beginnings of a wave of enthusiasm for a technology that could - despite having no immediate monetisation model.” “Regardless of whether or not the technology works or fails, is good or is evil, the venture capital industry has found a sector where it can write massive cheques, draw down its $300bn of committed capital and to collect its management fees” “Despite generative AI tools having been around for a long time, the sudden inflow of large capital and the return of Big Investors leading Big Rounds again can be attributed to the amount of shock value created through society by ChatGPT’s release” “Enter the field of Generative AI and venture capital’s saving grace: ChatGPT” “The last decade of easy wins in VC means that a large percentage of investors never cared much for the Greater Value Theory, and so must find a way to make Greater Fool Theory work” “It’s now especially apparent that Web3, crypto exchanges and NFTs - while a temporary Hail Mary that created many successful exits - won’t be a venture capital focus moving forward.” “The catastrophic performance of nearly 1,000 SPACs since 2020 has helped enlighten retail investors.” “Last year revealed that a lot of much-hyped companies were actually long-term capital sinkholes that required low rates and investor euphoria to bail out the performance of VC funds” “… while VC firms are sitting on nearly $300bn of dry powder, it appears that the factors that produced the past decade’s smashing returns are now absent. “.the frenzy in 2021, VC firms smashed every record by exiting $730bn across nearly 1,000 unicorns, allowing venture funds to raise another $130bn of capital” “This is like manna from the sky for the VC industry.” “If you want to know what the next big fat techo-financial fad is, just look at the 150% jump of BuzzFeed’s stock … said that “AI inspired content” would become “part of our core business”. Sinéad O’Sullivan senior researcher at Harvard Business School has some views ex FT Alpaville pce – a very good weekend read! Looks like 2021 was the high-water mark for Web 3, Cypto, AliFi, Blockchain and numerous other speculative tech (CBDC are up there as well)
#Zip share price drop zip#
#bnpl #fintech #afterpay #zip #affirm #openpay #klarna #latitudepay #sezzle #paypal #square #block #zebit #spiltit #humm ĭown 80% in a year: Can the Zip (ASX:Z1P) share price sink any lower?įINTECH – Goodbye Web 3, AltFi and Blockchain? PayPal which has range of POS lending products including “Pay in 4” has seen its stock decline 66%. (Afterpay founders have seen their share deal cut in half in the last 6 months) US BNPL player Affirm stock has declined 78% from it 2021 peak, losing nearly 36% last week.īlock the holding company for Square, Afterpay and ClearPay has seen its stock decline 64%. *BNPL stocks only listed on ASX – don’t operate in Australia Zebit* – delists shares and returns to USA Given Zip share price has fallen over 80% from its peak a year ago, it’s like trying to catch a falling knife.Īustralia is quickly losing BNPL players – once 12 stocks were ASX listed now it’s down to 9 – watch as more disappear Yes they sure will – down another 2.5% today!
Will BNPL app Zips shares sink any lower? to follow suit.BNPL – Motley Fool Asks a Foolish Question And based on purchase mortgage activity, expect the pace of existing-home sales in U.S. Perhaps closer to home, pending home sales were down nearly 50 percent on a year-over-year basis in San Francisco last week, having been down over 40 percent on a year-over-year basis since mid-September, despite higher inventory levels, none of which should catch any plugged-in readers by surprise. ticked down another 1.5 percent in September to an annual rate of 4.71 million sales, which was 23.8 percent lower than at the same time last year well below the pre-pandemic pace of sales and the fourteenth straight month with a year-over-year decline, according to data from the National Association of Realtors (NAR).Īt the same time, the median sale price of the existing homes that sold has dropped for the third month in a row, from $389,500 in August to $384,800 in September, which was 8.4 percent higher than at the same time last year but 7.0 percent below a peak median sale price of $413,800 in June, which would represent an above-average “seasonally driven decline.” Having slipped in August, the seasonally adjusted pace of existing-home sales across the U.S.
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