Sorry if this is a stupid question but I can’t find anything addressing it in search.
It seems like the 2010s heir-apparents to FAANG (like Uber and Zillow) flopped, yet you’d think that by now there’d have been a next wave of companies to overshadow the blue-chip giants. These guys sounded good as startups, poised to disrupt new spaces, but TSLA seems to be the lone exception doing well as a stock.
I know each company has its own story but is there a bigger picture that emerges? Hopefully AI will usher in the next tech boom but I’m still curious about that ”cohort” and whether there’s still any hope for them in terms of long-term growth.
(Disclosure: no open positions in stocks mentioned but pondering whether to get in.)
[link] [comments] https://www.reddit.com/r/stocks/comments/145zmwy/why_didnt_the_next_wave_of_tech_do_well_eg_uber/
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