10 years since the burst of the .com bubble
Heise is running a story, reminding us on the ten years anniversary of the burst of the .com bubble. Where about ten years ago the stock value of overrated, mostly internet related companies became penny stock overnight.
I can not stop, but think we will soon see history repeating itself with all those web 2.0 companies, such as Facebook or Twitter. I mean how many millions, and billions are they pumping into them without any reasonable revenue, or just even revenue model in sight?
Sure, at last they can all go down the advertising road. But is there really enough space for them to grab a multi billion share of the ad-market? And 2020 we will be all living from advertising?
Somehow, I do not really see this adding up.