Yesssss. Twitter, linked in, yahoo, gopro.. All these shit tier companies that produce fucking NOTHING getting their clocks cleaned in the market is like poetry. I'd honestly prefer their downfall to sex.
I want all of these multi billion meme tech bubble companies that are negative year over year to crash.
I wish I had a dollar for every dumb ass millennial that got trolled into thinking linkedin was going to help them get a job, only to be met with bots and retarded boomers offering them janitor positions.
Who in their right mind would think 300B for a glorified chatroom is reasonable? Intelligence services.
Essentially, for USD300, you get access to every single mail, message, contact list, geolocalisation data, picture, and various groups, activities, interests or keystroke that originates from a user's computer or mobile phone. You agreed to it in the terms and conditions.
So the intelligence services have access to all that. Considering the wealth of infomation, 300 dollars/pers is pretty cheap. EXTREMELY cheap.
It's the kind of reach that doesn't violate international law, that gets accross frontiers. Do you understand the implications of it when this appearantly boring 24yo danish law student becomes an important diplomat 15 years from now? Two decades of history -never to be deleted from the internal database by the way are at the disposure of the NSA if need be. You know which type of women he likes which porn sites he visted when he was bored in the train and checked out in his smartphone etc..
Try and design the perfect spying weapon.
It has to be completely unconspicuous. Everyone can come into close contact with it. Can absorb all the information it can get on you. Can track you, record you, keep tabs, know who you know and when Spending habits, cultural habits, sexual habits You have implicit trust You gave consent to all of the above so it's not even technically illegal And it can do so for long periods of time
Their meteoric rise is definitely helped and supported by the US gov actively linking them to foreign policy and internal intelligence services.
I'm not saying the us gov is secretly inflating the value of these companies. I'm saying the minute it realized the immense geopolitical advantage of having these companies being american, it did everything to help them develop, passed law friendly to those corps and did everything in its power to see to their success.
This isn't some vague, tinfoil hat conspiracy rambling. They have been caught lying, cheating and planning. Senators from differents countries worry about it, journalists and cybersecurity experts worry about it.
...google literally controls the index of all information. They have the most comprehensive and up to date map system around and it's not close. They control the backend. They control advertising online.
People look at Apple and think they're so strong and infallible. Ever do a spotlight search on an iphone? You're doing a fucking bing search because apple doesn't control shit. Apple maps is a joke. Apple makes its money selling hardware direct to consumers. They're the best in the world at it. But they don't control ANYTHING behind the scenes like Google does.
>>1079299 >300 dollars/pers is pretty cheap You realize that includes all those mud-hut living nobody's in the third world right? You know, the sort of people who make $1 a day and who regularly conflate "the Facebook" with the internet in general?
They will NEVER monetize $300 worth of value out of the average user. Never. I would guess the real advertising and information value of the /average/ user is somewhere around $10 or less, possibly much less.
A lot of people hating on LNKD here, but this isn't really company-specific. This is a macro shift. LNKD being down by 40% by only guiding down 8% below estimates is a big warning of how the market is about to treat all bloated growth stocks. In 2013, if they reported the same results, the stock would have been flat or slightly down. It's a major shift in investor sentiment.
Bubble bursts always start in the public markets. Next, VC-backed "unicorns" with ludicrous multiples will soon find themselves unable to raise cash at even half their previous valuations. Then those companies will have to tighten their spending which means layoffs and smaller revenue growth which is a vicious cycle towards even lower valuations, bankruptcies and ultimately a much worse job market for tech workers.
I'm expecting a 30-40% decline in S&P 500, 30% decline in bay area real estate values, 30% of bay area "well-funded" startups going bust, and 25% reduction in market rate pay for software engineers over the next 2 years. Hopefully that will turn out to be a gloomy forecast, but it's best to prepare for the worst.
>>1079234 They don't have an insane valuation, I think their price to earnings ratio is still in the twenties. Apple's is even lower, but they have issues of seeming unethical while google has avoided most bad press.
>>1079234 because they own the index of the internet because they own the most proliferous mobile phone platform and operating system with the biggest mobile advertising network and the biggest mobile app store
>>1079299 >Do you understand the implications of it when this appearantly boring 24yo danish law student becomes an important diplomat 15 years from now?
Every person that has a quarter of a brain and has the ambition to be a diplomat or any other economic or political personality of importance doesn't use social media, or uses it with extreme prejudice. if you post your drunk photos and shit on facebook, you are too stupid to try achieving that ambition in the first place. the only shit about it is, that you may not have a social media account, but retards you hang out with (especially retards that like to take photos of any shit that is happening at a party, unfortunately I know a lot of those) do post it on their accounts.
You're just salty that your name isn't Zuckerberg or Schmidt or Brin and these guys became billionaires instead of you. Their sites provide us with indispensable services and that is why their shares are worth every penny. Digital goods - the best investment of the 21st century.
>tech companies are overvalued That's not a fucking surprised. A lot of these companies are propped by their name only. No one likes using LinkedIn, its a shitty service. Most people don't have one for work. I know people in top tier companies with C-level jobs that don't have a profile on that linkedin. Twitter is dying and their solution to get more people is to add 10,000 character to their tweets. That company is dead on teh water. Facebook is also sinking and your first warning sign was Zuckerberg moving his share of the company to his LLC. He doesn't trust facebook to survive the long game. Google expanded into the physical market and had to create a parent company to avoid legal and tax issues with the government. The tech crash 2.0 is coming. Silicon Valley did lose the trust of their users when the NSA leaks occurred.
>>1080469 There is an issue with 4chan. They can't keep all the threads archive in their servers for more than a year. So this is why you archive those threads people vote to keep. Most threads have been purged from 4chan master servers because you can't keep them all. Plus there is such a thing as losing data to time. There is a good article about a 27 part piece on Pulitzer prize investigate journalist piece that was lost to poorly maintained databases. You'll be surprised how easily data is lost these days because of the poor maintenance of servers. The chances of your search history from 10 years being on file is silm to none. Too much data to keep on file. The NSA does this but they have to spent tens of billions of dollars to maintain those servers and even with maintenance the files can be lost forever. This is why they want your harddrive or data searches as early as they can receive them. Most of your text and phone calls are only keep for a year until they're purged to make room for new data. So if you have done stupid shit, just wait a year. That's usually the amount of time before its purged by an IT administrator or data loss.
>>1079163 Venture capital crashed, Wall St is shilling their usual bullshit as they have no data regarding what's going on. Now all the venture capitalists are taking their money through the public markets as the private markets are locked up. It's interesting.
>>1080895 40% in one day means someone or a group of investors agreed to dump the stock. The earning report was known in advanced. This overvaluation of tech companies has been an issue since facebook IPO. My guess is people see something is coming and they're taking their money out of the market.
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