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).
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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…..
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.
Bc why invest in these companies
Bitter truth, no. Unless you are willing to wait out 3-4 years. Zomato can still recover to IPO cost, Paytm will never simply because it was overvalued to start with.
Better to digest and move on.
Short answer, don't hold your breath