It is the general market pullback from tech or "tech" companies...

It is the general market pullback from tech or "tech" companies that are in a loss-making position with no path to profitability. The hype is seeping out from the market due to big public market 'failures':

- Softbank
- WeWork
- Uber
- Lyft
- Beyond Meat
- Slack, etc.

With Life360, I think the path to profitability is very clear and growth is sustained and has a strong organic component. The business model will be updated next CY and the SaaS margins will kick in, rendering the operating expenditure irrelevant.

Additionally, I think the holders who are selling are those retail investors who bought in at the start based on the elevated hype levels for tech stocks at the start of this year and other holders cutting their losses. There is very little hype for this stock to begin with so the early investors were screwed. Once a level of support is reached there will need to be hype generated, either by the company or the investors...

I will try my bit to educate the market about this company. I think there is a strong chance this stock will be a 5 to Disallowed.