4 ms·

I 100% agree, yet while the investors were buying this vision in November, just to give up a few months later amazes me. With the 2000 internet bubble there was

I 100% agree, yet while the investors were buying this vision in November, just to give up a few months later amazes me. With the 2000 internet bubble there was at least enough time to see the overpriced businesses doing poorly, here the bubble popped before anything had a chance to be delivered and market tested.

adam_arthur 4y ago
Both bubbles largely ended via Fed tightening. When inflation runs hot, the speculative sectors get damaged the most via tighter monetary policy. It just happened to be that metaverse as a concept took off near the end of this cycle.