Was just looking for tech companies that might benefit from a lower interest rate environment and noticed that wayfair, snowflake and teladoc haven’t really moved like other tech stocks have. Then I looked at their balance sheet and noticed that these companies don’t really cary any debt that might burden their financial performance. In fact some actually generate income due to the higher interest rates. What I also noticed that some of these companies spent a lot on marketing and sales for the revenue that they do generate. Don’t really know what to think of it. But that might explain why some tech stocks bounced back already and some are still stuck.