As Autonomous-Driving SPACs Implode, Intel Slashes Mobileye IPO Valuation Target by 60% by Wolf Richter • Oct 17, 2022 • 67 Comments Wait a minute… Why would anyone buy the shares at any price given that, after 23 years, Mobileye still loses a ton of money?
The 1001 Imploded Stocks of 2022 (Down 80% or More)… So Far by Wisdom Seeker • Oct 17, 2022 • 214 Comments The massacre, stock by stock, all 1001 of them, listed right here.
Cutting-Edge US Semiconductor Makers Crushed by One Thing after Another in 2022 after Mind-Boggling Bubble in 2020 & 2021 by Wolf Richter • Oct 10, 2022 • 96 Comments Nvidia -66% from the high, AMD -64%, Intel -62%, Marvell Technologies -57%, Micron -48%.
SPAC Bamboozle Keeps on Giving: Stock Shredded, Low on Cash, Layoffs Underway, Volta Goes after Government Subsidies for EV Charging Stations by Wolf Richter • Sep 28, 2022 • 94 Comments The model of “growth at all cost” has been taken out to the dump.
Mortgage Lender Woes by Wolf Richter • Sep 7, 2022 • 114 Comments Mortgage volume collapsed. And the stocks of the biggest mortgage lenders collapsed after IPO or SPAC merger.
EV SPAC Faraday Future Breaks the Buck, 14 Months after Going Public. Consensual Hallucination Was so Bad it Was Funny by Wolf Richter • Sep 6, 2022 • 98 Comments Never a boring day in the SPAC & IPO hype-and-hoopla clown show.
Formerly Sacred Now Rotting Silicon Valley Dictum of “Growth at All Costs” Crushes Okta: Shares Collapse 80% from Peak by Wolf Richter • Sep 1, 2022 • 101 Comments Huge losses, but now revenue growth is slowing. Hilariously, executives refer to the huge losses as “profitability.”
Bonds of Bed Bath & Beyond Collapse on Bankruptcy Fears as Suppliers with Unpaid Bills Halt Shipments by Wolf Richter • Aug 22, 2022 • 118 Comments Meme-stock crowd got crushed, shares collapsed 69% in 4 days. Billionaire hedge-fund hero, who might have known about unpaid bills, got out in time.
Another Collapsed SPAC, Lottery.com, Discloses WTF Horror List and Says it Will Liquidate Unless Miracle Happens by Wolf Richter • Aug 16, 2022 • 124 Comments The years 2020 and 2021 will go down as the greatest era ever of consensual hallucination and financial gangsterism.
