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But we saved everything 🙂.
Joe Consorti highlights the significant declines in share prices for major technology companies following their initial public offerings over the last decade.
According to Consorti, Facebook is down 54%, Uber 68%, Lyft 79%, and Robinhood 90% one year after going public. He suggests that while companies like SpaceX may have strong long-term prospects, IPOs tend to benefit sellers more than buyers.
Earlier, Consorti noted that Bitcoin’s decline has coincided with a $19 trillion surge in AI market capitalization, pulling liquidity toward new IPOs. He has also discussed Strategy’s approach of converting high-growth Bitcoin holdings into fixed income while continuing acquisitions. Consorti’s observations track investor responses across major technology and cryptocurrency assets.