3 ms·
It makes a lot more sense from a 2008 perspective. Google IPOed in 2004 for 2-3% of its current market cap. The tech monopoly dynamic wasn't where it is now. A
by dalbasal 6y ago
It makes a lot more sense from a 2008 perspective. Google IPOed in 2004 for 2-3% of its current market cap. The tech monopoly dynamic wasn't where it is now.
Also, he turned out to be right. Acquisition prices (eg fb acquisition of whatsapp, IG, etc) went up. Investors made a lot more small bets. A lot of "new Googles" got made. That may be played out already, but this is 12 years later.
- jonny_eh 6y ago> A lot of "new Googles" got made. Such as?
- dalbasal 6y agofacebook, netflix, twitter, uber... essentially all the "unicorns" of the last decade. I suppose that what a google is, or was in 2008, is debatable. Two of the above are fellow "FAANG" members today. In a 2008 sense, I think we can take it as meaning 'new $50bn+ tech company." There are lots of those.