‘Growth has slowed" is technically true but misleading. Q2 to Q3 still went from $11.5bn to $16.8bn. And at those levels, it’s not wildly unexpected that it has to slow down.’

The growth slowdown is decidedly unexpected. The market priced in a $2T valuation that assumed it wouldn’t slow down.

https://www.reuters.com/business/finance/investors-temper-an...