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Have we entered another tech bubble?

posted by LaminatorX on Saturday February 22 2014, @12:00AM   Printer-friendly
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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  • (Score: 2) by TheRaven on Saturday February 22 2014, @07:03AM

    by TheRaven (270) on Saturday February 22 2014, @07:03AM (#4781) Journal

    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.

    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...

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