Looking back on the 1990s-2001 internet bubble, who was the most to blame?
Nov 23, 2017
8 Comments
Overview if you need it:
Entrepreneurs created new internet companies and filed for stock IPOs despite little revenue and/or profits, investment banks endorsed and encouraged the IPOs, the SEC allowed the IPOs, the Nasdaq allowed and listed the stock, tech employees went to work for these places (many in hopes of riches), and the investor public bought all these stocks, bidding up prices.
While the bubble occurred, all parties benefited greatly. Who's the most to blame?
comments
Actually it feels a lot like the housing bubble of the early 2000s and bitcoin.
When everybody is constantly talking about a particular investment, it's a bubble.