Another tech bubble?

Oracle / Eng
πŸ‡³πŸ‡¬ w/o ia

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Apr 23 14 Comments

I wish I'm paranoid but I feel Netflix is a beginning of tech bubble.
All those unicorns seem to reveal that they are not necessary.
Netflix, HBO or any tv streaming service: There are so many of them and people need to subscribe and unsubscribe to find tv shows they want to watch. Is this more convenient than subscribing traditional cable?
Doordash or any food delivery: Are people willing to pay for delivery fee?
Uber or Lyft: Is there any different than calling for a yellow cab when regulation applied?
Or I leave a question here: Is there any unicorn who brings service that you think is necessary a lot? There could be some and they could survive just like Amazon in 2000.

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  • Amazon
    amznperson

    Go to company page Amazon

    amznperson
    Ofcourse they are not necessary. They are conveniences. But that's really irrelevant.
    It's like saying a fan is not necessary in your house and you can just open your windows.

    Conveniences make life easier and over time you get used to it. And that's great, as humans we strive to make our lives as comfortable as possible. These services help us do that. Nothing wrong in that; it doesn't mean this is a tech bubble.
    Apr 23 3
    • It’s worth it if people are willing to pay. Delivery hero makes over 100million orders per month. Even if that is reduced by half it’s still a lot, meaning a lot of people don’t mind the cost for the little convenience
      Apr 23
    • Zulily / Finance
      sunburned

      Go to company page Zulily Finance

       sunburned
      Amazon is on point. Most of products we are seeing and using today are not necessity. Basics necessities are: breathing, food/water, sex, sleep, homeostasis and excretion.
      Other things - whatever it is amazon.com, iPhone, internet, cars, laptops, etc are not necessity. They are the add-ons which makes life more convenient, efficient and productive. Without those you can find a bunch of other alternatives and still live fine, except your gonna lose productivity without the tools for which are you taking it for granted now
      Apr 23
  • Splunk
    _cha0s_

    Go to company page Splunk

    _cha0s_
    What caused the 2000s tech bubble? Ask yourself is the same pattern happening here?

    Your opinions on there’s companies show a fundamental lack of understanding on how the market works.
    Apr 23 1
  • Visa / Eng
    charger09

    Go to company page Visa Eng

     charger09
    Doordash or any food delivery: Are people willing to pay for delivery fee?
    I think yes.

    Uber or Lyft: Is there any different than calling for a yellow cab when regulation applied?
    I think there is demand
    Apr 23 2
    • Box
      alohaBox

      Go to company page Box

      alohaBox
      To an extent. If you include tax, surcharge, and tips, ordering from Doordash can jack the price up by 50%. Imo not worth it and I miss dining out.
      Apr 23
    • Yes. The question is not β€œyes or no”, it’s it’s how big they are in the long run.

      We aren’t going back to hailing for cabs with our arms. Especially outside of big cities.

      There will be delivery now and forever.

      Now are these $5B companies or $500B? Time will tell.
      Apr 23
  • New
    deadlockπŸ’€

    New

    deadlockπŸ’€
    Embrace the recession πŸ’€πŸ“‰, eventually the market will get out if it.
    Apr 23 0
  • Honor
    nCYV03

    Go to company page Honor

    nCYV03
    Whether their "necessary" or not (and they're not) is kind of a red herring. I think the more relevant concern is that many of them obtained stock valuations that were just insanely inflated. Peloton, for example, had been valued higher than major US airlines. That's just nuts, and anyone who thought that was sustainable is just off their rocker. This happened for a variety of reasons, and now that the pandemic is winding down and we're dealing with the economic fallout, we're seeing these companies return to a reasonable and sustainable valuation.

    Let's be real, Netflix is still *insanely* valuable. No, it's not at it's pandemic-era all time high, but it's still a powerhouse and not going anywhere anytime soon.
    Apr 23 2