[AlchemistCamp]

A full meltdown would involve actually losing money and eventually running out of it and shutting down, rather than just fluctuations in stock prices.

Do you think Roblox, Affirm, Coinbase or even Netflix is in immediate danger of bankruptcy?

[subsubzero]

per the nasdaq's site my statement is verbatim what they also say:

> Refers to events like steep fall in stock markets, decline in asset values, corporate losses etc. that hurt the economy and lead to losses for investors.

https://www.nasdaq.com/glossary/f/financial-meltdown

[AlchemistCamp]

Had you said the Nasdaq was entering a meltdown, I'd have thought it a bit hyperbolic but wouldn't have disagreed.

Your claim was that tech is in "full meltdown" and you were talking about falling state revenues for California would drop so dramatically that "the state will face a reckoning unlike any its ever seen".

In my opinion, large tech company stock declines won't have much impact on California revenues. Only their relocations would. There's no "full meltdown" or anything like it happening to "tech". On the contrary, I'd bet that each of the MANGA companies with the possible exception of Netflix grow their revenue in the coming year and that their employees will pay more in taxes to California in 2022 than they did in 2021.

Let's check back in a year and see how our predictions fared :)