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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 acid andy on Saturday February 22 2014, @02:19PM

    by acid andy (1683) on Saturday February 22 2014, @02:19PM (#4901)

    Or for that matter, how about GeoCities -- the only traffic they get now is on Way Back Machine. Yahoo paid 3.7 Billion 1999 dollars (5.04B 2012 Dollars) on GeoCities

    I assume you know they shut GeoCities down?

    I abandoned Geocities long before that when the files I had on there became corrupted. I was seriously unimpressed.

  • (Score: 2, Informative) by randmcnatt on Saturday February 22 2014, @05:06PM

    by randmcnatt (671) on Saturday February 22 2014, @05:06PM (#4953) Homepage
    Geocities was archived at geocities.ws [geocities.ws], and you can still get in and edit your page. Thousands, maybe millions of webpages were copied there. My old 'page' [geocities.ws] (I just used it to stash miscellaneous junk) is still there. If you ever had a Geocities account you might want to check it out.
    --
    The Wright brothers were not the first to fly: they were the first to land.

  • (Score: 2) by hemocyanin on Sunday February 23 2014, @04:15AM

    by hemocyanin (186) on Sunday February 23 2014, @04:15AM (#5119)

    Of course -- the "way back machine" bit -- that was a joke predicated on understanding geocities is dead.

    • (Score: 1) by acid andy on Sunday February 23 2014, @06:20PM

      by acid andy (1683) on Sunday February 23 2014, @06:20PM (#5338)

      Ahh sorry bit of a whoosh moment. I wasn't sure.