It seems like many of these companies are headquartered in the Boston-Washington corridor and California.
I wonder if there is a recession from all this debt if the recession will be deeper on the coasts with so many of these companies who stock is down 80%.
Some of these companies are likely very good, but many seem like manipulative California-based zombie companies just creating a narrative and going public, so they can cash out and buy big mansions with the proceeds.
I wonder how the FinTech companies that are in the mortgage business are doing?
In the list there seems to be a hundred or more "bio-tech" companies with fancy names.
Many of the websites are based on fantasy and they are just marketing this fantasy even though many these companies know they are based on nothing but dreams and fairytales.
https://wolfstreet.com/2022/10/17/th...r-more-so-far/