To The Moon

As of May 2022, the flagship fund from Tiger Global (TG) fund has retraced 52%. In addition to TG's primary market investment losses, the investment in Carvana (an used car dealer) is the largest loss in secondary market. The stock has retraced more than 94% from its highs over the past 11 months, with the stock price retreating from $350 to $21.25 as well as the company's market cap falling from $62 billion to $3.8 billion. Carvana is probably the worst performer in terms of stock price amidst the gradual cooling of US consumption and interest rate hikes.The chart below shows TG's position in Carvana. As the stock price retreats, TG continuously adds the position, leading to the enlargement of losses. If TG still doesn’t reduce its position in Q2 this year,&

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