Josh Brown

Salesforce, Consolation, Atlassian, et cetera, just absolutely kneecapped.

The next chart is showing historical iconic disruptions.

So think about, we all know what Netflix did to Blockbuster, what Amazon did to Radio Shack, what Amazon did to Borders.

And he's showing like the cumulative return, these stocks basically go to zero versus what happens to the disruptors.

Obviously they go on to generate extraordinary wealth.

But what's really face-blowing is you don't,

You see the stock perform, you see the stock react in many cases a lot quicker than the fundamentals deteriorate.

So we've spoken on the show, hey, Adobe, like it keeps, it just keeps hitting all time highs in terms of the earnings per share.

The earnings per share keep going higher, but the market keeps saying, don't believe you, this is a zero.

Like this is, and I'm exaggerating, but like the market is saying, this is not sustainable.

I don't care what your earnings are today because the ultimate goal

Settle point is, that's not a phrase.

The terminal value is a fraction of what it is today.

Next chart.

So again, we're using Blockbuster, Borders, McClatchy, which was, what was this?

I can't remember what that was.

Encyclopedias, I forget.

And RadioShack.

And look at revenue per share, like of RadioShack in particular.

look what happened to the stock compared to the revenue the stock was already like down 80 before the revenue peaked which is really you know f's with your head same thing with borders holy the stock was basically a zero before the revenue peaked so uh what do you guys think about where we are is adobe ultimately just going to get vibed into the stone age