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

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...

[ Parent | on HN ]

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.

[ Parent | on HN ]