There is no bubble. Investor speculation taking a down turn? Sure. But that's been happening for CENTURIES.
For Silicon Valley, the Hangover Begins
31–40 of 79 posts
Re: For Silicon Valley, the Hangover Begins
#32Is it just me or does it seem like a lot of media outlets really, really want to see a big tech downturn? I want to say to the collective writers ofthe WSJ, the NYT, and everyone else, "stop trying to make a bubble happen, it's not going to happen." I get that a bursting bubble would be dramatic, and would make for lots of compelling stories. But there are plenty of other exciting and interesting things going on in t…
I dunno. These sort of things have been quite destructive. I am not calling the tech sector a tulip market, but the Dutch tulip mania stands as quite an incredible event. It effectively ended Holland as an imperial power.
It also inspired "Picture This" by Joseph Heller, which is worth reading.
Re: For Silicon Valley, the Hangover Begins
#33How is it that the hangover just "began"? Public markets have been trashing prominent tech IPOs for several years now. Groupon? Zynga? Ring a bell?
Re: For Silicon Valley, the Hangover Begins
#34Earlier quoted context omitted.
Google the article's title and click on it. WSJ articles referred from Google news search are free. edit: As reported below, try turning off your ad blocker and/or using incognito.
That is no longer true.
It's only no longer true if you use an ad blocker. I switched off uBlock, and links from Google and shares work again. They made some kind of change that is ad blocker sensitive relatively recently. My friend who reports for WSJ confirms.
Re: For Silicon Valley, the Hangover Begins
#35Earlier quoted context omitted.
That is no longer true.
Looks like they track the number of visits you've made to the WSJ in the past. If you use an incognito window you can still use the Google search results.
>If you use an incognito window you can still use the Google search results.
Nope. This stopped working for me about a month ago.
Re: For Silicon Valley, the Hangover Begins
#36Think of the customers.
The lead company in the article, Practice Fusion, is an electronic medical records service for medical practices. With their system, everything is on Practice Fusion's servers; the local equipment is just a web browser. If the company ceases operation, they can export patient charts in CCDA format (which other medical records services are supposed to accept). But the office records for billing aren't standardized. If they go under, the transition will seriously upset the operations of thousands of medical practitioners.
Re: For Silicon Valley, the Hangover Begins
#37Please stop posting paywalled articles on Hacker News.
Google the article's title and click on it. WSJ articles referred from Google news search are free. edit: As reported below, try turning off your ad blocker and/or using incognito.
I'm curious, does anyone consider subverting a paywall (even if it's as simple as googling the article title in incognito mode) as being akin to media pirating? At least on an ethical level.
Re: For Silicon Valley, the Hangover Begins
#38Is it just me or does it seem like a lot of media outlets really, really want to see a big tech downturn? I want to say to the collective writers ofthe WSJ, the NYT, and everyone else, "stop trying to make a bubble happen, it's not going to happen." I get that a bursting bubble would be dramatic, and would make for lots of compelling stories. But there are plenty of other exciting and interesting things going on in t…
I think journalists like to predict doom because imminent disasters scare people and get pageviews.
Re: For Silicon Valley, the Hangover Begins
#39Please stop posting paywalled articles on Hacker News.
look at the post just below this one:
https://news.ycombinator.com/item?id=11134798
Re: For Silicon Valley, the Hangover Begins
#40Is it just me or does it seem like a lot of media outlets really, really want to see a big tech downturn? I want to say to the collective writers ofthe WSJ, the NYT, and everyone else, "stop trying to make a bubble happen, it's not going to happen." I get that a bursting bubble would be dramatic, and would make for lots of compelling stories. But there are plenty of other exciting and interesting things going on in t…
I think journalists like to predict doom because imminent disasters scare people and get pageviews.
There's also a bit of Schadenfreude and people who have non tech non professional careers probably just want to watch the spectacle from the sidelines and also hope it will stabilize housing prices stop eating into jobs and stop upsetting life as we knew it before software began eating the world.