Here’s a long list of stocks from the past few years which were all unprofitable at the time of their IPOs: Shopify (NYSE:), Square (NYSE:), Roku (NASDAQ:), MongoDB (NASDAQ:), and Okta (NASDAQ:). As of this writing, Luke Lango was long UBER, SHOP, SQ, ROKU, MDB, and OKTA. Their concern was that new tariffs, if in place for a long time, would simultaneously slow U.S. economic growth and raise prices and inflation.