The bizarrely-named company AppLovin (APP) has now joined the +50% loss club. This white-hot stock has now become an unadulterated dog turd.

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The bizarrely-named company AppLovin (APP) has now joined the +50% loss club. This white-hot stock has now become an unadulterated dog turd.

This is an extraordinary fall from grace from a former high-flier.

Remember how folks were falling all over themselves to buy any stock that had anything to do with rockets? That’s because they wanted to buy SpaceX, but couldn’t. Well, that whole sector has been wiped out, with the latest casualty, the terribly-named Intuitive Machines (LUNR) worth about one-third what it was just a few weeks ago.

At long last, the anonymous gay sex hookup app success story Grindr is taking it on the chin.

I’ve learned from hard experience that it’s best to keep my political opinions to myself. If, perchance, I think any particular person in power is a corrupt and amoral imbecile, well, I just keep that in my sweet little head, because I’m never going to change anyone’s opinion. But I’m just a one-person company. Why wouldn’t a person with hundreds of thousands of employees know the same wisdom?
