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I think a lot of people are missing the point. As someone who was there when the dot com bubble collapsed, I think part of his point is that sooner or later, c
by davidw 7y ago
I think a lot of people are missing the point.
As someone who was there when the dot com bubble collapsed, I think part of his point is that sooner or later, companies based purely on BS, or that have high valuations because they've BS'ed people... are going to come back down to earth.
Judging what is BS and how much there is, is not something you can do in a real scientific way.
- weare138 7y agoI was around then too and what's happening now is so much worse than then it borders on the absurd and the coming crash will be unimaginably and absurdly worse.
- hi5eyes 7y agoPeloton ipo'd at 8 billion.... literally a bike and a tablet app I wasn't around during dotcom but plenty of people my age can tell this market is absurd
- comicjk 7y agoPeloton has almost a billion a year in revenue, and rising fast. I don't have a dog in this fight, but I don't see that a valuation of 8 billion is obviously wrong.
- Drdrdrq 7y agoThey are not profitable though, they are losing money [0]. It will be interesting to see if they can turn this trend around. [0] https://www.businessinsider.com/peloton-connected-fitness-files-for-ipo-2019-8 https://www.businessinsider.com/peloton-connected-fitness-fi...
- Nextgrid 7y agoYou can have infinite revenue if you sell dollar bills for $0.50. What matters is profits, not revenue, something the majority of these bullshit VC-funded startups overlook because they don't actually have a viable business model and hope for a miracle.