I also remember the early web. It was a cool place. I spent a lot of time there.
I would argue that the current tech bubble will eventually burst, and many of the current patterns will stop. Amazon has, over its history, posted a lot of down quarters, and many of the profitable quarters didn't beat the rate of inflation. The stock market has kept many of these companies afloat (low interest rates have that effect), but they may all collapse like the tech bubble of our younger years. The online ad business is likewise in bad shape. Ad blockers are very common now, and they're all but required to have any kind of decent online experience. That commonality is breaking the model that many companies have come to rely on. Worse for many is that their precious data economy is proving to be so hated that Apple can use it as a marketing tool.
I also remember the early web. It was a cool place. I spent a lot of time there.
I would argue that the current tech bubble will eventually burst, and many of the current patterns will stop. Amazon has, over its history, posted a lot of down quarters, and many of the profitable quarters didn't beat the rate of inflation. The stock market has kept many of these companies afloat (low interest rates have that effect), but they may all collapse like the tech bubble of our younger years. The online ad business is likewise in bad shape. Ad blockers are very common now, and they're all but required to have any kind of decent online experience. That commonality is breaking the model that many companies have come to rely on. Worse for many is that their precious data economy is proving to be so hated that Apple can use it as a marketing tool.