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I would take the words of the employees over that of the investors, you tend to be a little more clear eyed and less inclined to gamble when it's your livelihoo
by olefoo 14y ago
I would take the words of the employees over that of the investors, you tend to be a little more clear eyed and less inclined to gamble when it's your livelihood at stake.
That said, the bubble we're in is mostly a media creation; people want to hear good financial news from somewhere, and if it's based on someone paying for popularity ( Facebook buying Instagram )in the mobile cat-picture-sharing space; it will still get more attention than it's worth.
Meanwhile the real economy is still in a serious demand slump, and has structural issues that prevent it from achieving anything but tepid growth. And while that situation obtains, excess capital will be looking for alpha in the technology sector.
- wtvanhest 14y agoMaybe, but I didn't see anyone in the real estate business (employees, not investors) in any vertical or business saying there was a bubble until mid 2007. By that point, valuations had started coming down and financing was being much, much more selective. I stand by my point that it is strange for an industry to call out bubble repeatedly when there isn’t any real evidence of a bubble besides a few anecdotal acquisitions at what people believe to be high prices because they use a non-revenue metric. Again, I don’t know if there is a bubble or not, but it seems odd for a group to call a bubble so early unless there is already drying liquidity. I really have no idea. It just doesn’t seem as self-evident to me.
- deleted 14y ago[deleted]