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I think the difference is still that many dot-com era companies didn't have much or any revenues, definitely not in billions.
by enra 7y ago
I think the difference is still that many dot-com era companies didn't have much or any revenues, definitely not in billions.
- vanniv 7y agoYeah, it's true. This cycle, investors realized that OK, maybe we have to see revenues to believe it's a real business. But, if you look at things like WeWork, sure, there's revenue, but there's never even been the hope of eventual profit. The business model fundamentally destroys value.