This tech pullback is tricky. One one hand, there are real businesses with revenue behind a lot of the tech companies (unlike 2000), and these companies have ac

This tech pullback is tricky. One one hand, there are real businesses with revenue behind a lot of the tech companies (unlike 2000), and these companies have actually changed consumer habits. There are also a lot of crypto businesses that are mostly still private and have invented a electronic trading cards that are losing value. Tech is also a lot bigger than it was in 2000 and 2008, a lot more people got into the industry, and it's not clear how overgrown it is. Bolt seems like it managed cash flow poorly, and it's in a tough space, effectively competing with your browser, your phone's wallet, Paypal, Amazon, and (eventually?) Shopify. The question is how bad are second-order effects, and how much does a pullback hurt well-run players. > great depression 2 You must be a Ray Dalio fan.