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I wouldn't say that 2007 was a bubble though, at least not in the tech world. Social media wasn't properly realized at the time so for example Facebook being va

I wouldn't say that 2007 was a bubble though, at least not in the tech world. Social media wasn't properly realized at the time so for example Facebook being valued at 15 billion or Linkedin at 1 billion made sense. There could have been ten similar sized competitors to both of them and the valuation would still have made sense since one of them would win.

maxlamb 7y ago
That's what makes reading this piece 12 years later so interesting - there was definitely fear of a bubble in 2007 (probably partly due to the trauma of the 2000 dotcom bust) even though in retrospect there definitely wasn't. It's funny how it described Facebook's $15 billion valuation as a sign there might be a bubble, when FB now is valued at $525 billion.