It’s starting to walk and quack like a duck. How bad will it be in 2019? https://www.cnbc.com/2018/12/17/sonos-svmk-and-spotify-among-the-2018-tech-ipos-that-are-underwater.html
Do not trust Duck Typing. TypeScript is the future.
If the Uber and Lyft IPOs flop it will really hurt the industry. Will be harder to get funding and there will be resulting effects for years.
The 2.0 bubble was years ago with companies like Groupon, Zynga, Demand Media and countless other companies that went public in 2011 during the first real big IPO wave since the crisis. Obviously all those companies didn't pan out for shareholders.
Yes funding can become tight and valuations can be low. But companies of today have real value they are not bogus ".coms". Try living a single day without Amazon or Uber.
You might be in a bit of a silicon valley mindset bubble there. I haven't used Uber or Lyft in years. And maybe I order from Amazon once a month.
I’m pretty sure that makes you the outlier. Ride sharing and e-commerce are huge in much of the world
This hasn't aged well
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Yesterday
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Modi is a legend, will be remembered for centuries to come
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The end of Backdoor Roth?!
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How common is it actually to earn more than 300K TC?
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Closed now - thank you all
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Quitting this Slave life
Valuations are based on real revenue (but cheap borrowing costs). It’s going to be a soft landing. Decreased valuations but we don’t have: - failing banks - lots of bad debt (tightened loan standards) - companies with business models a smidge more advanced than pets.com I voted “dot.com 1.0 lite”. The fed unwinding QE and rising rates will have a greater impact than changes to fundamentals in tech.
Isn’t the Auto Debt and Student Debts in a really bad state?
They are, but lack of discretionary spending of millennials (due to student loans) doesn’t necessarily impact tech any more/less than other industries. Student loans, while high, are being mostly repaid.