Algorithmic Tech Sell Off
Netflix’s hilarious slump has me reminiscing over an Instagram reel in 2021 where a man with a backwards cap was finger pointing at the camera touting his $50k investment of Netflix in 2017… guaranteed he didn’t sell because 90% of the people that road the Dot Com Bubble sold at the bottom… well, he still doubled his money.
The Dow/SP 500 and NASDAQ are finally decoupling their algorithmic relationship, meaning we’ll continue to see large price discrepancies. I’m not touting the deflation of all tech companies, however, I’ll be focusing my attention on two gig economy stocks: Marqeta $MQ and UBER $UBER. I’m already invested in Marqeta (see my previous post) and will enter UBER following a similar thesis based on Modern Portfolio Theory.
I exited Vermilion Energy TSE:VET and Mosaic last week; holding SembCorp Industries SGX: U96.
Surely under an ad-supported model, you can just pay for non-ad version of Netflix?