[philod]

Most large fast going tech companies "predicited" this but that doesn't mean they really believed it. The alternative at the time was to say..."we grew 100% in the last two years but with covid restrictions limiting etc wr think that growth will be more like 80% and revenue down x%" that would have sent massive shocks to investors and stocks would have dropped overnight as companies like Meta had been setting a long precedent of "beat and raise" with their earnings calls. Essentially everyone was hoping it would continue as they didn't want to see equity and comp and valuations down. What's funny is that it all happened anyway over the course of the year. Believe me from first hand experience there were many people in these companies raising flags late last year that it can't continue but were essentially ignored. Hope is not a strategy!