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While I don't think that the bubble is bursting, it does seem that the values some companies which have been massively overvalued, are being adjusted. I'd much
by velox_io 10y ago
While I don't think that the bubble is bursting, it does seem that the values some companies which have been massively overvalued, are being adjusted. I'd much rather see this than companies loosing 90-99% of the value overnight - That's a burst.
If interns are making $80k a year, I think most of us are safe (for the time being).
- akhilcacharya 10y agoThere are many making around $102K now.
- BookmarkSaver 10y agoWhat do you mean by "many"? And do you have a source for that? Lucrative internships are generally like $25/hr. 102k is twice that.
- akhilcacharya 10y ago"Many" meaning the 1000's of interns working at places like Facebook (~8k + housing), Dropbox, and Jane Street. I personally wouldn't consider $25/hr to be particularly lucrative in the grand scheme of things considering how highly paid many interns in SV/SEA/NYC area. In my area, yes.
- itsbenweeks 10y agoI think this is pretty close to the truth. Investment capital getting out tech should cause people to be more discriminating in their business proposals, and the market will adjust accordingly. If anything, this will help prevent a crash.