The debt fiat currency system is created to contract. Get ready to see much more of this. These valuation would not have existed in a world for unlimited debt fiat currency creation. The piper will be paid, and those business that do not even generate a profit yet are valued in the billions will crater under the pressure. –and most won’t even know why! -You should be curious, educated and prepared. If you aren’t already….why?

Once Silicon Valley’s highest-flying darlings, companies from WeWork to Uber have collectively lost about $100 billion in value this year, prompting some startup executives to talk up profitability over growth.

Source: Silicon Valley Adjusts to New Reality as $100 Billion Evaporates