Except the VCs and to a lesser extent the Tech media, who are supposed to be in the know, were actively promoting this junk as revolutionary.
Once again, Joe Public and his retirement get the short end of the stick. Manufacturing money is a dirty business. I wonder if we'll ever look at Silicon Valley VCs in the same light as we do Wall Street bankers?
To be fair, there's a constant din of people predicting doom for almost any company that has success. And for several years, the naysayers have generally been wrong (like, billions of dollars wrong) about FB & Zynga. So, how do we tell the real predictions from the bogus ones?
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I think just as interesting, it was almost entirely predicted by people who are heavily in the tech industry.
The market writ large ignored the input from those in the know and is now acting surprised -- it befuddles the imagination.
Except the VCs and to a lesser extent the Tech media, who are supposed to be in the know, were actively promoting this junk as revolutionary.
Once again, Joe Public and his retirement get the short end of the stick. Manufacturing money is a dirty business. I wonder if we'll ever look at Silicon Valley VCs in the same light as we do Wall Street bankers?
To be fair, there's a constant din of people predicting doom for almost any company that has success. And for several years, the naysayers have generally been wrong (like, billions of dollars wrong) about FB & Zynga. So, how do we tell the real predictions from the bogus ones?
Is anyone making a lot shorting these companies?