A $442B Money Manager Says Tech's Glory Days Are Over

Re:A $442B Money Manager Says Tech's Glory Days Are Over by refurb on Thursday June 06, 2019 @12:58PM (#20116441)

People talk a lot about what will be the trigger for the next recession. I could see it being tech. Not the blow up of 2001, but rather a capping out of growth by the big tech companies as they turn into giant, stable to slightly contracting behemoths.

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Re:A $442B Money Manager Says Tech's Glory Days Are Over by not_a_moth on Thursday June 06, 2019 @01:34PM (#20116889)

Also possible tech trigger: extremely unprofitable tech companies going public. Slack, Uber, Lyft, etc. In fact,

"In 2018, 81 percent of US companies were unprofitable in the year leading up to their public offerings... That's a statistical dead heat with the rate in 2000, the year the dot-com bubble burst"[1]

[1] https://www.vox.com/2019/3/6/18249997/lyft-uber-ipo-public-p...

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Re:A $442B Money Manager Says Tech's Glory Days Are Over by refurb on Thursday June 06, 2019 @02:50PM (#20117740)

Yup! It's still a big unknown if those companies can actually live up to their expectations with regards to profitability.

I have a sense as soon as the first one fails, the others will be under a lot of pressure combined with negative sentiment.

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Re:A $442B Money Manager Says Tech's Glory Days Are Over by rubidium on Thursday June 06, 2019 @01:28PM (#20116818)

Like verizon, AT&T, Sprint, IBM, Oracle...

I'd disagree that they're necessary not growing. Just growing at a more typical market rate for an established industry.

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