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And here we are, 17 years later, repeating the dotcom bubble :) Of course technology moved forward, now things like Twitter or LinkedIn or Badoo looks much nice
by mamon 11y ago
And here we are, 17 years later, repeating the dotcom bubble :) Of course technology moved forward, now things like Twitter or LinkedIn or Badoo looks much nicer than some random online shop or Kittler owner's forum from original dotcom boom, but the principle still stands:
Lots and lots of people have been fooled into investing in companies that has nothing but a fancy website and ridiculous dream to "change the world". And no money in bank.
Put your life jackets on because Wall Street is headed towards another iceberg.
- m52go 11y agoTwitter has 412 years of cash in the bank, assuming current burn levels, debt levels, and profitability. http://www.usatoday.com/story/money/markets/2016/01/25/twitter-has-412-years-fix-itself/79301680/ http://www.usatoday.com/story/money/markets/2016/01/25/twitt...
- MichaelGG 11y agoI don't follow. I'm looking at Google Finance, and it says they have $4.3BN in assets and a net income of -521M. What am I getting wrong?
- mamon 11y agoYou misunderstood my point. The problem isn't that Twitter will go bankrupt, because it might as well operate for those 412 years as you said, no problem here. But if it won't be making any profits then it's stock price can fall another 77 percent, or more. Twitter's CEO and employees will be fine, but shareholders will loose patience (and money). EDIT: I've just thought of the way Twitter should proceed with it's business - stop pretending it is a business in the first place. Twitter should be officially converted to what it really is: charity organization with focus on freedom of speech. This would give them some tax benefits plus the possibility of raising money through donations.