Any similiarities with DOTcom bust and current Tech boom?
For those who lived through the dotcom bust, do you see any similiarities with the current tech boom and overvalued tech stocks? Tech startups all coming up with insane valuations, tech stocks keep rising too
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Bjorn Ng
19 Jan 2020
Business Analyst at 10x Capital
Hey there,
Yes, you are right that tech stocks are currently super overvalued - people are looking wayyy ahead of it and even though it's burning through cash quarter after quarter, the market is still pushing the price up because of their insane growth rate.
However for me, I think the difference is right now, information is readily available online and easily accessed. You can actually assess if a business is "all fluff" or if even at the high valuations, it is being justified through the management decisions, future plans, and their growth rate.
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Billy
15 Jan 2020
Development & Acquisitions Manager at Real Estate Private Equity
I am probably too young to recall how markets were like during the dotcom bubble but this time round...
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All tech companies are given insane valuation despite their numbers. Any tech companies can come out now and be valuated at an insane price and burn through investors money