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And they say what is going on right now is a bubble?

• nir 16y ago
  It still is. Not nearly as big as the dot.com one (it was the first bubble, the economy was in better shape, etc) but still a bubble. We're in a bubble-bust industry. It will be this way for some time.
  • danielsoneg 16y ago
    I think any industry that can show the kind of returns this industry does - "Two Guys in a Garage" Become "$200Bn Market Cap" in about a decade - is going to inspire mania. It's not necessarily a broken model - all farmville jokes aside, I'd wager the overall value of the enormous amount of social well-being that's been spawned by even the few companies that have made it out of the valley far exceeds the money lost to the busts - but the whole place is leverage incarnate.
    • nir 16y ago
      Yeah, I'm not saying it as judgmentally, just that it is what it is. It's similar to Hollywood, in a sense - an industry where a product can earn you a lot of money or nothing at all, and it's hard to predict which is which.
  • burgerbrain 16y ago
    "Not nearly as big as the dot.com one" Give it time man. Give it time.