$Sea Ltd(SE)$These days it does seem like stocks that are heavily reliant on venture capital funding are in trouble. If you are a fund manager, with Singapore Savings Bond rates climbing north of 3%, generally speaking, would you still throw money at a startup hoping it will go 10x? The era of low interest rates is over for now and the only time we will revisit that phase could be when the US dips into a recession in 2023-2024. Until then we would probably see rotation from quite a bit of tech plays into fixed income, safe-haven assets. Probably more downside to come for Sea, Grab, etc as investors become more demanding for them to show profitability.
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