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A couple of bad companies don't characterize an entire market. Have you forgotten about the successes already? Slack, Zoom, Pinterest, PagerDuty, Okta, Cloudfl
by askafriend 7y ago
A couple of bad companies don't characterize an entire market.
Have you forgotten about the successes already? Slack, Zoom, Pinterest, PagerDuty, Okta, Cloudflare, Twilio, Shopify, Twitter, LinkedIn, Facebook, Roku, Elastic, etc etc.
They all IPO'd this decade and are enormously successful and have justified their valuations.
This is a Softbank-specific problem. Not a problem with all companies.
- benj111 7y agoI'm not saying they're bad companies, just that they've been blown up to mythical proportions, Unicorns don't exist, their tears won't cure all ailments, they don't fart rainbows, and Wework is probably more reasonably valued as a property company, not a tech company. Facebook fell after it's IPO by quite a lot btw.