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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: 1) by Jerry Smith on Saturday February 22 2014, @09:04AM

    by Jerry Smith (379) on Saturday February 22 2014, @09:04AM (#4807) Journal

    I think the 450M number misunderestimates what's at stake here. When you authorise Skype, Viber, Whatsap and any other messaging app to use your phone's addressbook, you're essentially giving ALL your contacts to the messaging overlords. With names, phone numbers, email addresses and companies being merged into contacts, it will certainly make it possible for them to have more data to identify everyone who uses a phone with any other social media network.

    And how many of those users are new users? Users that add new data to the portfolio? My estimate is that at least 30% of the Whatsappers had already handed over their data by being on Facebook as well.

    --
    All those moments will be lost in time, like tears in rain. Time to die.