Here is one thing to confirm that Nov~Dec 2021
Mr.Market doesn't like Tech Stock and tries to compress multiple back to where it was before Covid Pandemic.
In some cases, Company's Revenue scale grew up more than double during 2020~2021 but the price was pulled back to early 2020.
It means multiple was dramatically compressed recently.
This stock stay in the market for 20y ( founded in 1999, the same year as Alibaba was founded )
It is one of 40 baggers stock during 2000~2020.
It has been proven fundamental is very strong and competitive.
You see revenue, customers, GMV, TPV, and other metrics continuously growing.
Ignore the price action!
Keep calm and stay Long for Long term
Mr.Market doesn't like Tech Stock and tries to compress multiple back to where it was before Covid Pandemic.
In some cases, Company's Revenue scale grew up more than double during 2020~2021 but the price was pulled back to early 2020.
It means multiple was dramatically compressed recently.
This stock stay in the market for 20y ( founded in 1999, the same year as Alibaba was founded )
It is one of 40 baggers stock during 2000~2020.
It has been proven fundamental is very strong and competitive.
You see revenue, customers, GMV, TPV, and other metrics continuously growing.
Ignore the price action!
Keep calm and stay Long for Long term