Vz hides on down days with " speaking " engagements. Stoney works and makes money for everybody. Ever notice that no matter how down the market is I am always in there... In fact I do not even watch the overall ticker I invest with no knowledge of overall direction of the market-- I just do.
Stoney, anybody can call a bottom on a tech stock when the entire market collapses 4% in 5 days. You called Coupang. Good job, but you also called a bottom on it at $37 soooo.... whatever. Quit bragging Stoney, you're no better than anyone else here. Your winners/losers is 50/50 at best.
Ok... did I just read that lol? This is coming from the guy who tells us daily he's been calling the direction of the market perfect for years. Stoney you don't know if you're coming or going brother.
I think what makes UPST scary is the tie in to " fintech " which is a group especially out of favor. PYPL has a lot bad news. They are aspects to UPST business plan that brings back memories of companies like ROOT and Lemonade... This is no layup. Still UPST is Disrupting a multi-trillion dollar market Upstart is growing like wildfire. As of Dec. 31, 2021, the company has 38 bank partners on its platform, more than triple what it had a year earlier. Better yet, transaction volume (i.e. the sum of all loans originated on its platform) surged 241% to $11.8 billion in 2021. In turn, revenue skyrocketed 264% to $849 million, and the company generated free cash flow of $153 million, up from $10 million in 2020. That's a lot of growth. Going forward, Upstart has plenty of room to grow. Its platform is currently used to originate personal and auto loans, two markets that comprise an $820 billion opportunity. For perspective, Upstart's trailing-12-month transaction volume of $11.8 billion means it has captured less than 2% of its current addressable market. But management has even bigger ambitions. The company eventually plans to expand into new verticals of the lending industry, including the $4.6 trillion mortgage origination space and the $644 billion small business loans space. I would say with a stk down some 70% the time for opening new verticals is nearly upon us... that announcement will drive this stk considerably higher.