Some marketplace businesses took only a minor hit, but many companies in the travel, hospitality and retail industries saw revenues plummet in just weeks. As Uber CEO Dara Khosrowshahi said after a three-month period in which the company lost more than a billion dollars: “We recognize that the era of growth at all costs is over…investors increasingly demand not just growth, but profitable growth.”Īnd then Covid-19 happened. What happened? In short, investors decided they would no longer tolerate companies posting massive losses quarter after quarter. The Marketplace Index actually declined from March 2019 to late October 2019, according to our analysis of data from CapIQ. The Battery Marketplace Index, which tracks the stock performance of well-known public companies such as Netflix, Spotify, Alibaba and others, surged nearly 200% during a seven-year period in which the tech-heavy Nasdaq rose 158%.īut the rest of 2019 saw a series of high-profile marketplace stumbles, including by giant marketplaces Uber and WeWork - which led investors to lose some faith. Early last year, it was easy to see why so many investors plunked money into consumer-marketplace businesses, which connect buyers and sellers online.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |