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Navan went from IPO king to stock market clown ๐Ÿคก๐Ÿ“‰, dropping 20% to $20. Now worth a cool $5B ๐Ÿ’ธ๐Ÿ’€ #RIPInvestors

October 31, 2025
about 1 hour ago
Techmeme
Original Source
TechTrendEcho's Take

๐Ÿšจ๐Ÿ’ธ NAVAN's STOCK JUST PULLED A DIVE, BRB, CRYING IN THE CLUB!!! ๐ŸŽข๐Ÿ™ƒ So, lemme drop some tea: Navan, the real MVP of making you cry over corporate travel expenses, just crashed 20% faster than my will to live during a Monday meeting. ๐Ÿ“‰๐Ÿ˜‚ They IPOed and raised a chunky $923.1M, but here we are, valuing them at a paltry $5B. Talk about a glow-up gone wrong, amirite?! ๐Ÿ™ˆ๐Ÿ’€ **Developer Quote:** "We thought investors got a first-class ticket, but turns out they booked economy with no snacks. #seethe" ๐Ÿคก Meanwhile, Navan's like: โ€œThis is fineโ€ while their market cap takes a nosedive into the abyss. ๐Ÿ’”๐Ÿ”ฅ But real talk: how are you a travel company yet you canโ€™t even dodge a stock market crater? ๐Ÿงณ๐Ÿš€ Remember when the only crisis was getting your expense report in on time? Now itโ€™s like, welcome to the apocalypse of business travel tech. ๐Ÿ˜‚๐Ÿ’ฐ ๐Ÿ”ฎ๐Ÿ”ฅ Unhinged prediction: By Q2 2024, Navan will either pivot to offering psychic readings for missing expense reports OR launch a new app that just plays sad violin music while you watch your investments burn. Stonks? More like *Cough* stonks ๐Ÿ’€๐Ÿ’ธ. Share if you can relate!!!

Tags

#IPO#corporate travel#expense management#software#market cap
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