Nasdaq up 3% today. great timing lol . these kind of stories tend to mark bottoms.
Tech bubbles are bursting all over the place
381–390 of 774 posts
Re: Tech bubbles are bursting all over the place
#382TY. Such comments should be pinned to the top.
(We detached this subthread from https://news.ycombinator.com/item?id=31369432, which is now pinned to the top)
Re: Tech bubbles are bursting all over the place
#383Earlier quoted context omitted.
Tangential. But I work in corporate finance. I'm generally privy to a large amount of information about the companies I work for. If there's something I don't know, I ask for it and people share because of my role. If I'm interviewing, we discuss a lot more than most people would about the health of the company that I would be joining. It's normal. That said. I'm obviously heavily biased but I have realized MOST non-…
I may be unusual but I've always found it prudent to ask my CEO about things like rate of corporate growth, funding and customer revenue generation, M&A, etc. Because if I am a vesting or fully-vested employee, then that's my own future at stake. The 401(k) can be dwarfed by many times by a successful stock worth millions, or, in a badly run or positioned company, the stock could be worthless underwater paper shares…
Definitely agree. In my role it effects my day to day work (sales cure all, etc). And it's definitely a little different when folks have stock. I mostly work in an industry where the average employee has no stock or options. They may be curious, but they don't really ask many questions unless there has been a sizable culture of that. Otherwise, it's like talking money is bad manners.
Options and the various schemes can be confusing. What's worse to me is many people in middle manager type roles that run a department/unit, are responsible for a budget, they can not read a basic income statement. They don't know how or what levers move the needle or in which direction. Some are very good, but many are very, very bad given their level of responsibility I've seen. I've been in many meetings even in my days as a junior analyst explaining to seasoned executives how volume doesn't cure an issue with unit economics. Separating out variable costs and explaining that if you can't cover those, you'll never cover the fixed costs... Those types of things. It's job security for me, but still shockingly common.
Re: Tech bubbles are bursting all over the place
#384Earlier quoted context omitted.
I'm not sure where you are getting those numbers from. Ford had $37b in revenue Q4. Tesla had $16b. Tesla is an impressive company that's managed to finally be profitable. But currently their market cap is higher than all other auto manufacturers combined. > Everyone else is losing money on their EVs and can't make them in volume production, can't find the batteries for them, you do the math. That's the thing, this s…
> I'm not sure where you are getting those numbers from. Ford had $37b in revenue Q4. Tesla had $16b. Tesla makes a 27.4% gross margin on that revenue though, while Ford has a gross margin of 4.8%. > Tesla is an impressive company that's managed to finally be profitable. Although technically true, this is a little misleading as it implies that Tesla is barely profitable - in reality they have moved from 'finally beco…
tesla does not need to advertise, does not need dealerships
this also why Elon wants to buy twitter, besides the issue of free speech. it means PR for his companies.
Re: Tech bubbles are bursting all over the place
#385I don't think we need the latest Cloud/AI/ML/Crypto/Web3.0 bullshit to spin up fuckedcompany.com again. I remember thinking in ~2015 going to conferences that this shit was never going to last. Then around 2018 driving (sitting) on 101 listening to advertisements for "C3 IoT AI" on NPR thinking, could a company jam more meaningless buzzwords into a single company name? For shits, looked up their stock just and its do…
Damn fuckedcompany was awesome entertainment.
The question is... if it gets spun up again, does it just create a self-fullfilling prophecy and begin the 2000-era implosion for real? :-)
Re: Tech bubbles are bursting all over the place
#386Earlier quoted context omitted.
This is also a central banking fail in so far that there's that much liquidity in the market that can't find a productive outlet. There's a lot of money, but also not enough concentrated in one spot to do really useful ventures like large infrastructure projects. So instead the money is distorting everything. Imagine if lending was less cheap for home owners but it was still cheap for governments or really large comp…
Wasn’t that the Soviet double ruble system? Whenever the Politburo wanted to find a mega project the money was wished into existence and things happened (just as it’s done today) yet it was illiquid and only usable in a sealed silo, separate from the normal exchange ruble. Wonder how a similar mechanism would work today
That sounds interesting. Can you link to any reference on this? I tried googling but didn't turn up much.
Re: Tech bubbles are bursting all over the place
#387This has been a long time coming. Back in the day, there was an inherent understanding that a stock price is supposed to reflect "the fundamentals" - present value of the company + future earnings. And of course there was some amount of speculation around future earnings, but for the most part companies at least tried to be profitable. But if you look at the share price of like, Tesla - it's completely insane. There…
I find it funny that crypto supporters will cite the fact that the stock market is acting like a pyramid scheme these days to justify the fact that crypto is no different. Yeah, that's not the defense of crypto that you think it is...
yeah, crypto has much more volatility and worse returns compared to large cap stocks.
Re: Tech bubbles are bursting all over the place
#388Great time to build a startup then, as by the time you have product market fit you'll either be living in a bunker eating canned food or things will have come around. http://www.paulgraham.com/badeconomy.html I'm actually moving to Mallorca to bootstrap a startup for two months and quitting my job, only time will tell if I'm right!
Our tools are getting pretty decent, too. If rent was cheaper I think you'd see startups all over.
Re: Tech bubbles are bursting all over the place
#389I don't think we need the latest Cloud/AI/ML/Crypto/Web3.0 bullshit to spin up fuckedcompany.com again. I remember thinking in ~2015 going to conferences that this shit was never going to last. Then around 2018 driving (sitting) on 101 listening to advertisements for "C3 IoT AI" on NPR thinking, could a company jam more meaningless buzzwords into a single company name? For shits, looked up their stock just and its do…
Any time I ask on some financial forum about moving a chunk of investments to cash I get told that would be stupid, don't try to time the market, and just keep buying. I would have saved myself a bunch of losses if I had done it when I was thinking about it.
I sold off a large pile of stocks for tax reasons just before the end of the UK tax year. That also turned out to be roughly the top of the market. So maybe you can time the market, but only if you're not trying to time the market?
Re: Tech bubbles are bursting all over the place
#390[deleted]