Techbubble fud is ready to burst

Stefan Mileschin · 6th November 2013, 07:16

While we have not noticed it, Business Insider claims that the tech industry is booming and is waiting with its fingers in its ears waiting for a bubble to burst.

To be fair to Business Insider there are some similarities to the last time the dot.com industry bubble burst, in 1999, taking with it most of the IT industry.

The stock market is at an all-time high. Tech start-ups with no revenue have billion-dollar valuations and Interest rates are effectively at zero percent.

Business Insider claims that since everyone has their money in tech shares, these are all hopelessly inflated. The sharemarket goes in waves and we are due for a downturn.

But where Business Insider is wacky is that it seems to believe that the tech industry is doing rather well. The article believes that developers are all in work and making a fortune out of their work.

http://news.techeye.net/business/tec...ready-to-burst

6th November 2013, 07:16	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	Techbubble fud is ready to burst While we have not noticed it, Business Insider claims that the tech industry is booming and is waiting with its fingers in its ears waiting for a bubble to burst. To be fair to Business Insider there are some similarities to the last time the dot.com industry bubble burst, in 1999, taking with it most of the IT industry. The stock market is at an all-time high. Tech start-ups with no revenue have billion-dollar valuations and Interest rates are effectively at zero percent. Business Insider claims that since everyone has their money in tech shares, these are all hopelessly inflated. The sharemarket goes in waves and we are due for a downturn. But where Business Insider is wacky is that it seems to believe that the tech industry is doing rather well. The article believes that developers are all in work and making a fortune out of their work. http://news.techeye.net/business/tec...ready-to-burst

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