What's the Median Drawdown for High Growth Tech Stocks?

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Eric Liu: Let's take the high growth drawdowns that we've seen, right? I know we had a chart here of all the public tech companies, high tech growth companies. So like this comes like Peloton down 91.4%, a firm 88%, a sauna 85%, etc., etc. You can go all the way down to even like square down 76%, Coinbase 80%. He says Wazi lawyer is insinuating they did use customer funds to juice up Alameda. And if he'd gone through the whole process, it probably would have wiped out a lot of customer deposits.

The NIA boys react in real-time to one of the craziest days in crypto history. Play-by-play discussion on FTX collapsing & CZ's 10D chess moves.

Timestamps:

(00:00:00) - Intro + Meme Of The Week
(00:06:50) - FTX Collapse - Play by Play
(00:19:43) - Alameda Blow Up
(00:21:30) - Autism Capital's Tweet
(00:23:21) - Jack's Take on CZ's Move
(00:27:06) - Tech Stocks Collapse
(00:29:54) - Did SBF "Do The Right Thing By Customers?"
(00:34:11) - Binance Estimated Valuation at $300B
(00:39:04) - How Misallocated Were Customer Funds?
(00:43:00) - Revisiting Earlier Predictions On Crypto (2021 vs 2022)
(00:46:39) - "Jail Isn't That Bad" - Martin Shkreli to Do Kwon
(00:47:33) - Big Tech Layoffs
(00:51:06) - Crypto Marketing & BS
(00:54:44) - Has Anything Changed?
(00:59:18) - Crypto Collapse vs Market Collapse

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