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Andreessen Horowitz, Thrive Go Bargain Hunting for Beaten-Down Tech Stocks

Summary by Ground News
Venture capital firms are buying publicly traded tech stocks. Andreessen Horowitz bought shares in Jack Dorsey's Block. GGV Capital bought more than 400,000 shares of HashiCorp, a newly public software company. The investments indicate that venture investors are still on the hunt for deals.

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Andreessen Horowitz, Thrive Go Bargain Hunting for Beaten-Down Tech Stocks

Plunging shares of tech stocks have prompted venture capital firms to take an unusual step: buying publicly traded stocks. Thrive Capital early this year bought beaten-down shares in online used-car marketplace Carvana, according to securities filings. Andreessen Horowitz bought shares in Jack ...

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The Information broke the news in on Friday, July 8, 2022.
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