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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 Beukenbosje on Saturday February 22 2014, @05:43PM

    by Beukenbosje (697) on Saturday February 22 2014, @05:43PM (#4961)

    Nah.. I built my own BBS in MSX Basic before I got onto Compuserve.

    The single-party configuration that works directly out of the box is the reason why apps like WA and Telegram attract a user base and XMPP-apps are very uncommon on the average smartphone. The fact that they scan the address book is a benefit. Would the web have evolved if we had to enter all Web 2.0 addresses ourselves on every site? Nope, pre-configured has big advantages. As the other comment mentions; you're not worse off with Telegram over Whatsapp. If they follow up on the promises, the open source clients are all we need for end-to-end encryption.