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I couldn't agree more only I would say there are now hundreds of small bubbles that will pop at random and continuously. I'm talking about the startups that hav
by websitescenes 13y ago
I couldn't agree more only I would say there are now hundreds of small bubbles that will pop at random and continuously. I'm talking about the startups that have no real value besides the fact that someone has invested in them. These businesses are propped up and made to look successful while in reality, they are nothing more than a localized bubble. Now don't get me wrong, there are startups with real services and long term value but most are just a show. It seems like the goal of many major investors is to prop up a startup make it look successful, offer stocks publicly, cash out and repeat. These people are not creating lasting wealth. They are mining money from the general public.
- tcbawo 13y agoThere will be collateral damage also. When the tide goes out, companies that derive their revenue from failing companies will suffer.