Re:I'm calling this Bubble 2.0, and it's ready to burst
by mikemoka on Wednesday May 09, 2012 @10:03AM
(#3948591)
Everyone keeps talking about the new bubble.. there is a slight difference from the 2000s anyway..hasn't anyone noticed the 2 BILLION PEOPLE online?...
[ Parent
| on HN ]
Re:I'm calling this Bubble 2.0, and it's ready to burst
by LargeWu on Wednesday May 09, 2012 @10:50AM
(#3948816)
And somehow, Twitter, Groupon, Instagram etc., have not yet figured out how to actually make money off of those 2 BILLION PEOPLE. And last time I checked, making money was the whole point of investing.
Edit: Just to clarify the above, making money == making a profit. I think that's pretty well understood in business, guys. If I bought a single share of stock for $100, and sold it for $50, I sure as hell did not "make money" on the deal, even though I gained $50 in revenue from selling the stock.
Re:I'm calling this Bubble 2.0, and it's ready to burst
by zwigby on Wednesday May 09, 2012 @11:03AM
(#3948879)
Actually Twitter and Groupon both make a lot of money off those people. Revenue != profit. Groupon is spending a ton of money moving into new markets. Now, I don't love Groupon but saying they don't make money is just wrong.