Pinterest, Inc. (PINS) Social Stream
Featured Post From StockTwits About PINS
$ZNGA Is just another example of NOT fundamentals but rather the extreme valuations of tech and the eventual rug pulls. Tech stocks are now behaving like biotech's, rip rip rip then one day gap down and investors talking back and forth on fundamentals.hazardfish, published August 7, 2021
When in reality whenever you get extreme valuations rug pulls are the norm. Tickers loved by pumpers like CNBC et all, $PINS $FSLY
It's more a function of too much money in the system chasing these tickers to extreme valuations then you start getting massive gaps down.
Just look around at other tech tickers, rediculous valuations, take $SNOW that's a ticker that is connected, they then feed that stock into 401 ks through mutual funds etc, made ticker so to speek, connected, but one can say could drop 90% and still be expensive in a bear market.