The mobile market was a vast ocean, with a thousand sails competing for the so-called ultimate treasure, one piece.
Nokia was the original king of this empire until June 8, 2010, when a Knight's sword called the iPhone 4 pierced through the heart of Nokia, Apple, put on the crown and had it until today. For the following 12 years, Samsung, Huawei, Xiaomi, and many other regicides set sail, but all failed to overthrow the king of this new era.
Following the release of the financial report on February 3, 2022, the stock price of Meta (formerly Facebook) collapsed. On February 3, it plunged by about 26% overnight, and its market value evaporated by $200 billion. Meta, which is investing billions in Metaverse, is facing unprecedented doubts.
2022 begins with the smartest people in the world talking about Bored Apes. Bored Apes is NFT, short for non-fungible tokens.
Jan 28, 2021, on Reddit, the popular social media platform where a lot of U.S. traders share their stock information, the search results for "I hate Robinhood" is rocketing. Robinhood, which once stood with retail investors against Wall Street's "financial ruling class", announced to restrict users from buying GME and other stocks in early 2021. After that, GME's stock price fell and countless people were cut off. Robinhood was then described as "a traitor to its own namesake", "went from hero to villain", and was boycotted by a group of traders. Many of its users even claimed to move on to another investing app.
Allbirds fooled the secondary market, just like other Direct to Consumer brands listed in 2021.
The most prominent features of Allbirds are sustainability, low-carbon, and being environmentally friendly. Since going public on Nasdaq in November 2021, Allbirds' stock price has fluctuated a lot. The fact that solely increasing revenue instead of profits is put in front of secondary market investors.
It shocked the entire EV industrywhen Rivian, the electric truck market's game-changer, whose IPO raised $11.9 billion in 2021.
On Nov 10, 2021, Rivian, an American electric car start-up, was listed on the Nasdaq exchange. After the opening, the stock price rose to $119.46, closing at $100.73 that day. Its market value reached $85.9 billion, becoming a new stock market miracle.
A bear market is when a market experiencing price declines. Widely followed indexes like the S&P 500, NASDAQ100 and Dow Jones Industrial Average are down 20% from their highs.
Bilibili (BILI), the most popular Chinese video platform, is under anxiety. Achieving profitability, the most fatal problem Bilibili is facing now, remains unsolved. The doubts of the secondary market about Bilibili are almost overwhelmed.
With the announcement of its Q3 financial results in 2021, the net loss of Bilibili reached 2.686 billion RMB, an increase of 144% year-on-year. Just three days after the release of its financial results, the stock price of Bilibili fell by more than 20%. For Bilibili, the lack of profit model is the real reason why investors starts to leave.
“In fact, Bilibili should have been profitable in 2020, so it would be too late if it cannot achieve profitability in 2022, indicating that its business model cannot be established.” A secondary market investor said.
There is not much time left for Bilibili to prove itself.
Early this month, Elon Musk said the Tesla humanoid robot, known as Tesla Bot or Optimus, may be up and running within months. Tesla’s stock price rebounds more than 9% on June 21, after weeks of losses since June 9.
According to Bloomberg, while hedge funds were busy bailing from stocks at a record pace, Corporate America was furiously repurchasing shares, as the S&P 500 plunged into a bear market.