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posted by
LaminatorX
on Saturday February 22 2014, @12:00AM
from the It's-like-a-telegram-but-on-a-phone dept.
from the It's-like-a-telegram-but-on-a-phone dept.
siliconwafer writes:
"Facebook's purchase of WhatsApp has generated a lot of noise in the financial and tech industries, with some calling the purchase price 'down-right silly' and 'jaw-dropping', and others have said the price is fair, but question the strategy. Is the purchase price evidence that we're entering entering another tech bubble reminiscent of the 1990s? Some say no, while others believe that a bubble may exist only in social media, given that the Global X Social Media Index ETF has outperformed the NASDAQ over the past year."
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Have we entered another tech bubble?
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I'm not a robot like you. I don't like having disks crammed into me... unless they're Oreos, and then only in the mouth.
-- Fry
(Score: 5, Informative) by forsythe on Saturday February 22 2014, @12:39AM
Certainly. Among the young and hip these days, making a lasting product isn't the end goal (at least from what I see) so much as being acquired by a household name behemoth. Whenever I've heard/seen people talk/write about events in the world of social media and social media applications, the opening line is never "Did you hear about X who built Y that can do Z?". It's "Did you hear about X who built Y that got bought by W for N million?".
I can't quite remember a quote about the end of Netscape(?). Something about how at the moment the motivation of the engineers changed from building a product to becoming rich and famous, the company died. It seems to me that is playing out on an industry-wide scale.
(Score: 1) by Anonymous Coward on Saturday February 22 2014, @12:52AM
So now the cool thing to do is to sell out? Wow, times sure have changed since the 1990s. I bet Daria would be a disillusioned unemployable loser in the 2010s!
(Score: 0) by Anonymous Coward on Saturday February 22 2014, @02:18AM
In the 2010s, Daria is "not a quality hire."
(Score: 1) by chromas on Saturday February 22 2014, @03:50AM
MTV went completely to shit (it had its moments with cartoons like Daria and Undergrads) and hipsters switched from getting wired to losing wires. But selling out has been the cool thing to do since the 1980s when Michael J. Fox sold off his DeLorean shares and started peddling hosts files.
(Score: 2) by TheRaven on Saturday February 22 2014, @07:03AM
It's a JWZ quote that Netscape's decline started when people stopped going to work there because they wanted to change the world and started going there because it was a cool place to work. If you interview at Google, try asking your interviewers why they went there: I found about 90% said it was because it was a really cool place to work...
sudo mod me up