It is now common for companies with no revenue, or negligible revenue, to be valued in the billions of dollars. Snapchat. WhatsApp. Instagram. Tumblr. Pinterest. All have been sold or valued at over $1 billion. None have declared revenues that in any way justify those prices. They might in the future. But they haven’t yet. So if you’re looking for evidence that tech is at the top of a peak, you’re in the right place. This is a boom, and we’re at the highest point of it since 2000. But if you believe this boom is also a bubble — …read more
Source: Business Insider
