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Tech Bubble 2.0 "Doesn't Exist"


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2014 Feb 11, 11:46am   2,232 views  2 comments

by JodyChunder   ➕follow (2)   💰tip   ignore  

http://www.nakedcapitalism.com/2014/02/wolf-richter-cracks-tech-bubble-doesnt-exist.html

Hed hired a company for $500 to produce the whole schmear. A lot cheaper than using a helicopter and crew. These videos are expected to bounce around the social media and land, hopefully, in front of potential buyers. And its illegal. The FAA prohibits commercial use of drones, but their commercial use is ballooning. Its a technology everyone is going to have, he said and no one is going to be able to stop it, he implied. Life in the Bay Area. It comes in waves of money that wash over the area and slosh around for a few years,...

#bubbles

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1   Tenpoundbass   2014 Feb 11, 12:18pm  

To suggest a Tech bubble is like suggesting an Idea bubble.

New Technology will always be useful, over sold and over valued companies not so much. None of the tech of the great 2000 tech crash disappeared.

The biggest problem right now is intellectual patent laws and the attack dog lawyers companies are at liberty to use to bring down competition. Like the opportunities are limitless to create iPhone card swiping device, or POS and vending software solutions set up on tablets. But I bet at this point in the game, those few companies that already have a leg up on the industry, would send their lawyers knocking on your door.

2   JodyChunder   2014 Feb 11, 3:31pm  

CaptainShuddup says

New Technology will always be useful, over sold and over valued companies not so much. None of the tech of the great 2000 tech crash disappeared.

I hear what you're saying, too, but you gotta at least read the article, Cap. He mostly talks about some of the heavy-hitters like Twitter and Facebook, and questions their non-GAAP earnings reports. It sounds like *conceptual* accounting to me, and you know what that's lead to in the past. It's a thought-provoking piece.

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