4 ms·
> I know... we're not in a bubble now... but losing money and making it up on volume was the big joke back then, iirc. It's ok to say we're in a bubble. These
by w4 11y ago
> I know... we're not in a bubble now... but losing money and making it up on volume was the big joke back then, iirc.
It's ok to say we're in a bubble. These companies that are selling goods at a loss predicated on the availability of venture capital, with no clear path to profitability, show that we're almost certainly in a bubble. The real question to worry about isn't whether or not we're in a bubble, but rather how substantial of a bubble it is, and how many companies might have exposure to it.
- shostack 11y agoThank you for making a logical statement around this. People love to trot out the bubble line, but I always wonder how much of the "tech industry" at this point is comprised of small startups with large amounts of funding vs. large established tech giants like Google, FB, Apple, Adobe, etc. with BILLIONS in revenue (if not profits). I've heard people tell me "all these startups with funny money are driving the housing prices up." I can only sit there in response and hold back my snarky "yeah, and I'm sure the giants who have tens of thousands of engineers on staff with billions in profit aren't contributing at all."