Re:The Tech Rout Isn’t Just Cyclical–It’s Well-Earned, and O...
by Sylveste on Thursday May 26, 2022 @12:28PM
(#31520320)
>the consumer who buys into the hype
There's a consumer? So many of the companies that go pop in these situations are solutions in need of a problem; companies trying to singlehandedly invent a market out of thin air and convince consumers that something they've managed without their whole lives is now something they simply can't live without and must spend $30 a month on forever.
A lot of the dotcom bubble failures occurred for the same reason, field-of-dreams style companies expiring when 'if you build it, they will come' turns out not to be true for all given values of 'it.'
There's a consumer? So many of the companies that go pop in these situations are solutions in need of a problem; companies trying to singlehandedly invent a market out of thin air and convince consumers that something they've managed without their whole lives is now something they simply can't live without and must spend $30 a month on forever.
A lot of the dotcom bubble failures occurred for the same reason, field-of-dreams style companies expiring when 'if you build it, they will come' turns out not to be true for all given values of 'it.'