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A comment on Coinbase stock lost over 75% value. Parent comment

Re:Coinbase stock lost over 75% value by ayngg on Monday May 09, 2022 @10:40PM (#31322790)
Like half of NASDAQ has lost ~50%, a quarter have lost ~75% and 5% have lost ~90% of their value from their highs. Coinbase is not an outlier, basically everything growth and risk on is getting dragged out behind the shed right now.
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Re:Coinbase stock lost over 75% value by esoterica on Monday May 09, 2022 @11:42PM (#31323181)
Coinbase has a P/E of 5.8, which means the market thinks profits are going to shrink in the future. It's the opposite of a growth stock.
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Re:Coinbase stock lost over 75% value by sooheon on Tuesday May 10, 2022 @12:00AM (#31323303)
Ex-growth. Which, as long as companies don't outgrow expectations in perpetuity, is the final destination of all growth stocks.
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