The tech bubble didn’t burst this year
The tech bubble didn’t explode this year, but next year… If you’re a geek (or recently attended most any MBA school in the US of A) you’ll recall that around this time last year, stories began appearing declaring that the apocalypse had begun and would accelerate this year. The “unicorn era” was declared over this past spring, but the nuclear mushroom clouds left behind by exploding unicorns never really materialized. Bloomberg BusinessWeek has the best argument we’ve read lately for what’s likely in the cards:
“There are a whole bunch of businesses that are good, not great, but they’ve raised money as if they were great,” the magazine writes. “Earlier this year, One Kings Lane, the online home goods retailer once worth almost USD 1 bn, sold itself to Bed Bath & Beyond, one of the companies it was supposed to displace, for just USD 12 mn. Jawbone, the maker of sleek wearable fitness hardware once seen as a threat to Apple’s, has seen its value fall 50 percent.” Read The Tech Bubble Didn’t Burst This Year. Just Wait