Will tech stocks recover?

I got into stocks like Zomato and Paytm when they IPOd expecting for them to rally up as many people did (I assume).

26mo ago

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FluffyBurrito

5Paisa Capital26mo

I don’t see how Zomato ever becomes profitable, Uber just posted a loss this quarter as well. If Uber can’t become profitable, how can we expect Zomato to do better…..

QuirkyBoba

Porter26mo

Paytm is trying to become profitable, they’ve built a lending book of 25k cr+ in last 1 year.

Ultimately, every fintech company end up becoming a lending company, case in point cred.

QuirkyBoba

Porter26mo

Don’t think they’ll recover in short term.

SquishyLlama

Stealth25mo

Even in the long term until they make their model profitable instead of blatantly burning money just to survive, only then their stocks might see the rise.

CosmicMochi

Stealth24mo

Zomato, unless they expand their business into any other segments i don't see prospect in their business. Cons : services only urban, not a monopoly, poor management. For that matter personally i dont believe in a business who wants to earn using mere an app taking orders and they won't own a product.