New Age companies are no stranger to memes, with most having various social media accounts of their own to promote their brands and services. Many, like Zomato and Paytm, often have humorous takes on current developments.

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But as Zomato, Nykaa and Paytm shares continue to tumble in the months following their much-hyped public offerings, netizens have started to create memes at their expense.

Also read: New age tech cos could fall 80-90% in 2022, says Big Bear Shankar Sharma

Zomato has slipped by 19.97 percent during trading hours, on January 24, coming down by 27.82 percent since it was first listed on the market. Nykaa, which had one of the most successful IPO launches much like Zomato, also slipped by 12.68 percent. The share price of the beauty products e-tailer is down by 17.17 percent over the past month. While Paytm, whose disastrous IPO has eroded wealth and generated memes for months, only slipped by 4.61 percent in the Monday mayhem on January 24. The Paytm stock has lost 41.31 percent of its price since listing.

As a result of these drops, retail investors have flooded social media with memes to both laugh and cope.

“Paytm offering 40 percent cash back on its issue price. Zomato applied the discount code on itself. This is the New Economy!” tweeted one user.

Paytm offering 40% cash back on its issue priceZomato applied the discount code on itself..This is the New Economy!

— Piyush Chaudhry (@piyushchaudhry) January 24, 2022

Here are some of the other reactions:

Zomato Shares hit fresh 52-week low..#Zomato #StockMarketindia #stockstowatch #paytm pic.twitter.com/E5gfy0ul0P

— Finnov8capital (@finnov8capital) January 21, 2022

To People who invested #Zomato & Paytm ... pic.twitter.com/ypulmvjOYP

— Bella Ciao (Chai) (@punjabiii_munda) January 24, 2022

All Recently listed companies today #Zomato #Paytm #mapmyindia#SupriyaLifescience #cmsinfo #rategain #policybazaar pic.twitter.com/dNVQno4Elf

— Sumit Mehrotra (@SumitResearch) January 21, 2022

Everyday.

PayTM & Zomato. https://t.co/tXJZoj3Bi6 pic.twitter.com/ZzGUU3J4Wu— Chetan Vashistth (@chetanhere) January 24, 2022

#zomato #Paytm

*Zomato falls 31% in past 5 days**Paytm: pic.twitter.com/retx951BQn— Trade Brains (@TradeBrainsGrp) January 24, 2022

Also read: Stock Market Highlights: Sensex ends 1,546 points lower, Nifty cracks below 17,150; JSW Steel falls 7&, Tata Steel, Bajaj Finance 6%

(Edited by : Shoma Bhattacharjee)

First Published:Jan 24, 2022 8:46 PM IST