graveyard spiral
n.— «t looks to me like AOL has just paid $4.21B for a company that has yet to make money. (AOL, did you check NSCP’s P/E ratio?) and was in a Graveyard Spiral.» —“Re: AOL buying Netscape” by Antonius Pius Usenet: comp.software-eng Nov. 24, 1998. (source: Double-Tongued Dictionary)
Further reading
Advice about college essays from the winner of a top prize for children’s literature: Kelly Barnhill encourages teens to write about experiences that are uniquely their own, from a point of view that is theirs and no one else’s. Plus...
Michelle calls from Peoria, Illinois, about a slang term that she and her friend Liz often heard when they were students at Bradley University in the mid-1990s. In those days before modern social media, to squid or to engage in squidding referred to...