It was only a matter of time before these tech stocks crashed. They’ve been artificially inflated because the Federal Reserve has been dumping gazillions of dollars into the markets. Now the tech heavy NASDAQ index has crashed and the selling has continued today.
Nasdaq 100 extends drop to 2% https://t.co/qsSeACdpEQ pic.twitter.com/DOrRZEgONp
— Bloomberg (@business) January 21, 2022
Nasdaq below its 200-day moving average for the first time since April 2020. pic.twitter.com/lIbzILBgqY
— Liz Young (@LizYoungStrat) January 18, 2022
It’s a sea of red.
"Is 'Nasdaq' in the room with us right now?" pic.twitter.com/ayConKhSHf
— TradingView (@tradingview) January 21, 2022
NetFlix and Peloton were two of the most high profile stock crashes of the week.
BREAKING: NETFLIX AND PELOTON FALL ON REALIZATION LIVING REAL LIFE AND DOING SHIT IS AWESOME.
— Michael A. Gayed, CFA (@leadlagreport) January 21, 2022
Peloton insiders were dumping stock like crazy prior to the crash.
This is the kind of thing that raises eyebrows… https://t.co/KuLmYD93SH
— Eric Garland (@ericgarland) January 20, 2022
I never understood the appeal of Peloton and their shitty overpriced exercise bikes. It was like some weird scamdemic fad that people have lost interest in.
Whatever the case, the fact that these stocks are crashing bodes poorly for Bill Gates and his plans to put everybody in pods. I’m not sure how he is going to do that if all these major tech companies go bankrupt.
