> the technology had not caught up to the economic feasibility. Nowadays it often seems the other way around - the technology is there, but the economics are q

> the technology had not caught up to the economic feasibility. Nowadays it often seems the other way around - the technology is there, but the economics are questionable. The disconnect between valuation and even the most optimistic revenue projections for something like a chat app or a picture-sharing site can reach two orders of magnitude in the wrong direction. The market for tech companies themselves has become completely disconnected from the market for those companies' products and services.