{"id":4491,"date":"2013-11-12T09:13:44","date_gmt":"2013-11-12T13:13:44","guid":{"rendered":"https:\/\/www.urbin.net\/blog\/?p=4491"},"modified":"2013-11-12T09:13:44","modified_gmt":"2013-11-12T13:13:44","slug":"another-tech-bubble-in-the-making","status":"publish","type":"post","link":"https:\/\/urbin.net\/blog\/economy\/another-tech-bubble-in-the-making\/","title":{"rendered":"Another tech bubble in the making?"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2013-11-06\/14-crazy-facts-about-current-internet-stock-bubble\">Michael Synder<\/a>\u00a0makes the following salient point over at Zero Hedge:<\/p>\n<p style=\"padding-left: 30px;\">Shouldn&#8217;t Internet companies actually &#8220;make a profit&#8221; at some point before being considered worth billions of dollars?\u00a0 A lot of investors laugh when they look back at the foolishness of the &#8220;Dotcom bubble&#8221; of the late 1990s, but the tech bubble that is inflating right in front of our eyes today is actually far worse.<\/p>\n<p style=\"padding-left: 30px;\">For example, what would you say if I told you that a seven-year-old company that has a long history of not being profitable and that actually\u00a0<strong>lost<\/strong>\u00a064 million dollars last quarter is worth more than\u00a0<strong>13 billion dollars<\/strong>?<\/p>\n<p style=\"padding-left: 30px;\">You would probably say that I was insane, but the company that I have just described is Twitter and Wall Street is going crazy for it right now.\u00a0 Please don&#8217;t get me wrong &#8211; I actually love Twitter.\u00a0 On\u00a0<a title=\"my Twitter account\" href=\"https:\/\/twitter.com\/Revelation1217\" target=\"_blank\">my Twitter account<\/a>\u00a0I have sent out thousands of &#8220;tweets&#8221;.\u00a0 Twitter is a lot of fun, and it has had a huge impact on the entire planet.\u00a0 But is it worth 13 billion dollars?\u00a0 Of course not.<\/p>\n<p>You can talk about &#8220;brand value&#8221; all you want, but the companies with actual Brand Value are ones that are profitable, and have been for a long time. \u00a0That is what makes their brand valuable. \u00a0Twitter&#8217;s value is in improving someone else&#8217;s brand value, and trying to squeeze a profit out of that could kill the value that people currently see in Twitter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Synder\u00a0makes the following salient point over at Zero Hedge: Shouldn&#8217;t Internet companies actually &#8220;make a profit&#8221; at some point before being considered worth billions of dollars?\u00a0 A lot of investors laugh when they look back at the foolishness of the &#8220;Dotcom bubble&#8221; of the late 1990s, but the tech bubble that is inflating right [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,47,30],"tags":[179,294,736,759,787],"class_list":["post-4491","post","type-post","status-publish","format-standard","hentry","category-economy","category-internet-technology","category-technology","tag-bubble","tag-economy","tag-stock-market","tag-technology","tag-twitter"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pab4zg-1ar","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts\/4491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/comments?post=4491"}],"version-history":[{"count":0,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts\/4491\/revisions"}],"wp:attachment":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/media?parent=4491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/categories?post=4491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/tags?post=4491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}