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Twitter is a joke. And FaceBook is not a "six billion dollar company". And "millions of users" who are not paying for your services do not translate into sustai
by sabat 19y ago
Twitter is a joke. And FaceBook is not a "six billion dollar company". And "millions of users" who are not paying for your services do not translate into sustainable business just because of the "millions" word.
Revenue is revenue. I don't know who's saying Facebook is worth $6 billion, and I think it's overhyped too, but I'll bet Facebook is cashflow positive. Twitter's a joke? If it never becomes more than it is, then quite possibly. But perhaps its engineers plan for more than what it is today. And quite possibly, surrounding technology (cell phones, what-have-you) will advance in ways that will make what Twitter is suggesting more interesting.
Overhyping != a bubble. Companies making stuff no one wants != a bubble.
A "bubble" refers to a stock market bubble. We are not in a stock market bubble. If startups make things people don't want, then they may fail. Or better, they'll learn from their mistakes, improve themselves, and make things people want.
- randallsquared 19y agoBubbles don't require a "stock market", only a market and some sort of insulation from bad choices for a while.
- sabat 19y agoI have to heartily disagree. A bubble is something that can pop (hence the analogy). There is nothing in this current situation that can pop. You don't need VC or angels. If you fail, you can always give up and go get a job. The market could crash, but the state of the stock market is wholly unrelated to the state of the internet industry at this here particular time.
- randallsquared 19y agoAre you disagreeing? I wasn't saying that the current situation is or isn't a bubble (I'll only know that in retrospect... :]); rather, I was saying that bubbles can form in markets other than stock markets. One of the most famous was the tulip bubble, in which the involvement of stock markets lagged the formation of the bubble by some time.