4 ms·

"Pop." https://twitter.com/djcapelis/status/696869166960095232 https://twitter.com/djcapelis/status/696869166960095232

by grubles 11y ago

m3rc 11y ago
Am I very dense or is this a reference to the tech bubble?
- zrail 11y ago
  Congratulations you got the reference. Gold stars for everyone!
  - knowaveragejoe 11y ago
    I assumed people would be drawing this conclusion when I saw the top 3 threads right now. How do we know that is the case and not just statistical anomaly, though?
    - losteric 11y ago
      That was just a joke, for now. The idea that we're in a bubble on the cusp of collapse has been building over the past year, spiking when the feds raised interest rates, but there's no concrete evidence of a bubble popping. Yet. Get worried when we see (multiple) high-level execs also resigning from Facebook/Twitter/etc. Especially if it's of their own accord...
      - djcapelis 11y ago
        http://www.sfchronicle.com/business/article/Are-Twitter-s-exec-departures-a-sign-of-doom-6783246.php http://www.sfchronicle.com/business/article/Are-Twitter-s-ex...
      - bjacobel 11y ago
        Multiple high-level execs left Twitter about two weeks ago - four at once. http://recode.net/2016/01/24/twitter-ceo-jack-dorsey-confirms-key-executive-departures/ http://recode.net/2016/01/24/twitter-ceo-jack-dorsey-confirm...
      - daveguy 11y ago
        HN bubble bubble?
  - m3rc 11y ago
    yaaaaaaay
- pbreit 11y ago
  I guess that's the reference but it doesn't make any sense.
  - emodendroket 11y ago
    You might argue that it's wrong but I think the sense of it is obvious.
- astronautameya 11y ago
  The bubble is obv there, but that doesn't mean it has to go bust. We still have time
  - richmarr 11y ago
    I feel like I've missed some vital perspective... why is there obviously a bubble? (I'm assuming "obv" means "obviously" in your comment)
ronnier 11y ago
Have you figured out why some people gloat over it?
- deleted 11y ago
  [deleted]
  - ditonal 11y ago
    Correction: people haven't been calling a bubble for the last year, it's been for the last 5 years: https://news.ycombinator.com/item?id=2231352 https://news.ycombinator.com/item?id=2231352 So the majority of people called a tech bubble, unlike your claim that most people are "permabulls", and then there was a period of great growth and prosperity. There have been plenty of people predicting gloom and doom to happen before now and none of them are admitting they were wrong. So basically it's gone down exactly the opposite as you've described. Eventually, the naysayers will, to an extent, be right. But it's ridiculous to act like financial market movements are obvious and we should all predict it perfectly. It's even ridiculous to act like a few resignations is indicative of a bubble popping. The strongest evidence that a bubble does not exist is all these weaker companies struggling, because in an actual bubble they would be propped up by the relentless speculation. Yet people point to failed companies as proof there's a bubble, even while many tech companies are doing great. Either way, financial markets are very difficult to predict, unless you count predicting the same direction for years and waiting for it to be right. So stop acting like it's easy and obvious. If you really feel so strongly, put your net worth into shorting tech stocks and make a ton of money.
    - orblivion 11y ago
      As you see it, if (hypothetically) an industry lasts for five years, and then collapses due to none of its promises coming to fruition, was it in fact a bubble the whole time? Would people have been wrong for calling it out the whole time, even if it took five years to happen? Whether or not this describes Silicon Valley is a further question, but it sounds like based on your standard, you wouldn't give credit to a naysayer even if it did.
rpgmaker 11y ago
Is this supposed to be a clever comment? Paypal doesn't belong to that group of companies.
argonaut 11y ago
Except that PayPal posted a strong earnings report in Q4 2015 (http://techcrunch.com/2016/01/27/paypal-shares-up-on-earnings-revenue-rises-17/ http://techcrunch.com/2016/01/27/paypal-shares-up-on-earning...). So this is just a coincidence of timing (new year, etc.). My point is, I seriously doubt the CTO was forced out or left because he thought his stock was worthless. He is most likely leaving for any of the million other reasons people leave companies every day.
- hammock 11y ago
  Earnings is a lagging indicator
  - VeilEm 11y ago
    Reality is a lagging indicator. All this schadenfreude on HN, so much eager anticipation for bad things, why do you people read this site? There is real malicious intent among a lot of commentators. A lot of posts recently have been FUD and cheap and low quality posts to business insider and other vapid blogs.
20years 11y ago
It all seriousness - allowing another mega-bubble to get created just to burst again should be prevented. This is what regulatory safeguards are supposed to prevent but like the housing bubble and financial bubble, the nefarious types always find a way to game the system. When this happens it so harmful to the little guy and all of the employees stuck in the middle.
- SixSigma 11y ago
  You can't boil water without bubbles.

"Pop." https://twitter.com/djcapelis/status/696869166960095232 https://twitter.com/djcapelis/status/696869166960095232

by grubles 11y ago

"Pop." https://twitter.com/djcapelis/status/696869166960095232 https://twitter.com/djcapelis/status/696869166960095232

m3rc 11y ago

Am I very dense or is this a reference to the tech bubble?

zrail 11y ago
Congratulations you got the reference. Gold stars for everyone!
- knowaveragejoe 11y ago
  I assumed people would be drawing this conclusion when I saw the top 3 threads right now. How do we know that is the case and not just statistical anomaly, though?
  - losteric 11y ago
    That was just a joke, for now. The idea that we're in a bubble on the cusp of collapse has been building over the past year, spiking when the feds raised interest rates, but there's no concrete evidence of a bubble popping. Yet. Get worried when we see (multiple) high-level execs also resigning from Facebook/Twitter/etc. Especially if it's of their own accord...
    - djcapelis 11y ago
      http://www.sfchronicle.com/business/article/Are-Twitter-s-exec-departures-a-sign-of-doom-6783246.php http://www.sfchronicle.com/business/article/Are-Twitter-s-ex...
    - bjacobel 11y ago
      Multiple high-level execs left Twitter about two weeks ago - four at once. http://recode.net/2016/01/24/twitter-ceo-jack-dorsey-confirms-key-executive-departures/ http://recode.net/2016/01/24/twitter-ceo-jack-dorsey-confirm...
    - daveguy 11y ago
      HN bubble bubble?
- m3rc 11y ago
  yaaaaaaay
pbreit 11y ago
I guess that's the reference but it doesn't make any sense.
- emodendroket 11y ago
  You might argue that it's wrong but I think the sense of it is obvious.
astronautameya 11y ago
The bubble is obv there, but that doesn't mean it has to go bust. We still have time
- richmarr 11y ago
  I feel like I've missed some vital perspective... why is there obviously a bubble? (I'm assuming "obv" means "obviously" in your comment)

ronnier 11y ago

Have you figured out why some people gloat over it?

deleted 11y ago
[deleted]
- ditonal 11y ago
  Correction: people haven't been calling a bubble for the last year, it's been for the last 5 years: https://news.ycombinator.com/item?id=2231352 https://news.ycombinator.com/item?id=2231352 So the majority of people called a tech bubble, unlike your claim that most people are "permabulls", and then there was a period of great growth and prosperity. There have been plenty of people predicting gloom and doom to happen before now and none of them are admitting they were wrong. So basically it's gone down exactly the opposite as you've described. Eventually, the naysayers will, to an extent, be right. But it's ridiculous to act like financial market movements are obvious and we should all predict it perfectly. It's even ridiculous to act like a few resignations is indicative of a bubble popping. The strongest evidence that a bubble does not exist is all these weaker companies struggling, because in an actual bubble they would be propped up by the relentless speculation. Yet people point to failed companies as proof there's a bubble, even while many tech companies are doing great. Either way, financial markets are very difficult to predict, unless you count predicting the same direction for years and waiting for it to be right. So stop acting like it's easy and obvious. If you really feel so strongly, put your net worth into shorting tech stocks and make a ton of money.
  - orblivion 11y ago
    As you see it, if (hypothetically) an industry lasts for five years, and then collapses due to none of its promises coming to fruition, was it in fact a bubble the whole time? Would people have been wrong for calling it out the whole time, even if it took five years to happen? Whether or not this describes Silicon Valley is a further question, but it sounds like based on your standard, you wouldn't give credit to a naysayer even if it did.

rpgmaker 11y ago

Is this supposed to be a clever comment? Paypal doesn't belong to that group of companies.

argonaut 11y ago

Except that PayPal posted a strong earnings report in Q4 2015 (http://techcrunch.com/2016/01/27/paypal-shares-up-on-earnings-revenue-rises-17/ http://techcrunch.com/2016/01/27/paypal-shares-up-on-earning...). So this is just a coincidence of timing (new year, etc.). My point is, I seriously doubt the CTO was forced out or left because he thought his stock was worthless. He is most likely leaving for any of the million other reasons people leave companies every day.

hammock 11y ago
Earnings is a lagging indicator
- VeilEm 11y ago
  Reality is a lagging indicator. All this schadenfreude on HN, so much eager anticipation for bad things, why do you people read this site? There is real malicious intent among a lot of commentators. A lot of posts recently have been FUD and cheap and low quality posts to business insider and other vapid blogs.

20years 11y ago

It all seriousness - allowing another mega-bubble to get created just to burst again should be prevented. This is what regulatory safeguards are supposed to prevent but like the housing bubble and financial bubble, the nefarious types always find a way to game the system. When this happens it so harmful to the little guy and all of the employees stuck in the middle.

SixSigma 11y ago
You can't boil water without bubbles.