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Saw the same countless times during Internet 1.0. In one case, a small uninspiring Florida bank said they were starting a website. Stock went from 8 to 92 in a
by vfulco 9y ago
Saw the same countless times during Internet 1.0. In one case, a small uninspiring Florida bank said they were starting a website. Stock went from 8 to 92 in a day. It's called a bubble folks. Study history lest you get permanently burned when it explodes.
- zghst 9y agoYeah but after the bubble there’s always big players that emerge. Just have to outlast the wave
- pimmen 9y agoBut to "just" outlast the wave, you actually need a sound business plan with margins that can survive an industry crisis. Most players are not even close to that and are living at the mercy of their investors.
- chii 9y agoor ride the bubble and get out as soon as you made "enough".
- jgalt212 9y agowhat big players emerged after the tulip bubble?
- tonyjstark 9y agoaccording to [0], the tulip bubble was not as big as most people would think [0]https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ https://www.smithsonianmag.com/history/there-never-was-real-...