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On some stock related subreddits, people are comparing the current bull run to the dot com era. Most of the people doing that have no idea how utterly insane t
by cptnapalm 5y ago
On some stock related subreddits, people are comparing the current bull run to the dot com era. Most of the people doing that have no idea how utterly insane the dot com era was. One company, Pixelon, blew all their capital on a party featuring KISS and a reunion of the Who. One IPO announcement I recall featured a guy holding his burned copy of Red Hat with his name written on it in marker.
- dehrmann 5y agoEven for average investors, I remember all you had to do was pick a tech stock with a name you're heard of and watch it go up 1%-3% per day. There were windows where cryptocurrencies felt like that in the last 5 years, but the overall market, not as much.
- blippage 5y agoOne commentator remarked, looking back, that the sign that the bull market is at the top is when deals happen that are outrageous even by the standards of the time. The AOL/Time Warner merger is one example, although there would have been others. There's a general sense of euphoria, and even through the adrenaline rush, people are still in awe at the audacity of corporate actions. In the UK, there was a short series called "Who wants to be an Internet Millionaire", an obvious word-play on the game show "Who wants to be an Millionaire". In it, start-ups pitched their internet ideas, Dragon's Den style (except the investors weren't up themselves). I also remember Lastminute.com. The amount of media coverage that has was ridiculous, and seemed to centre around the fact that one of the founders, Martha Lane Fox, was a woman.