Drop
- Technology
Some VCs that held onto stakes in startups after IPOs during the bull market, including Sequoia, Menlo, and Altos, have been left with losses as markets drop (Berber Jin/Wall Street Journal)
Berber Jin / Wall Street Journal: Some VCs that held onto stakes in startups after IPOs during the bull market,…
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The Global X Fintech ETF dropped 52% in 2022, above the broader financial sector's 12% drop and Nasdaq Composite Index's 33%, weighed down by interest rates (Peter Rudegeair/Wall Street Journal)
Peter Rudegeair / Wall Street Journal: The Global X Fintech ETF dropped 52% in 2022, above the broader financial sector’s…
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The mobile games market is set to fall in 2022 for the first time in over a decade; Newzoo forecasts revenues to drop by 6.4% to $92.2B, vs. 7.3% growth in 2021 (Financial Times)
Financial Times: The mobile games market is set to fall in 2022 for the first time in over a decade;…
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Similarweb: desktop visits to Twitter's ad manager fell ~74% YoY in Oct. and 85% in Nov., the largest drop since Musk's takeover; the trend continues in Dec. (Laura Forman/Wall Street Journal)
Laura Forman / Wall Street Journal: Similarweb: desktop visits to Twitter’s ad manager fell ~74% YoY in Oct. and 85%…
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