I don't know a lot about economics. Could someone explain me of what would happen if the bubble bursts? What does it mean for the job market? I mean people still want to buy new technologies and cool products, no?
Pretty soon people are going to wise up to how overvalued almost every modern tech company is. Companies without sustainable and proven business models are going to disappear in the next few years.
The last ~5 years of tech growth has been on the back of promises about being able to monetize down the road. Twitter has shown that even if you grow to one of the biggest social networks in the world with billions of active users, integration in every platform, and public mindshare never seen before, you can't just turn that into a business by wishing on a star.
Bay Area will see massive layoffs, and the housing market will most likely collapse with it. Tech employees in Bay Area make 4x~5x the national average because investment companies throw money around like it grows on trees, trying to be "the next Facebook". That's why housing costs are 3x~4x the national average.
Once everyone wakes up and realizes that 90% of that money is being wasted and none of those startups have any real value or ways to make money, investors will fuck off. Then people going from making $200k to $60k overnight will either become homeless or move away.
>>52623357 a tech bubble bursting won't be nearly as bad as the happeningfags (like >>52623410) will tell you. certainly not as bad as 2008. Why? Well for one most of the overvalued tech companies are privately held, by venture-capital firms, along with some hedge funds and the like. And they don't employ a whole lot of people.
The markets will swoon a bit, and if you live in San Francisco then yes, you're in for some rough days, but the broader economy will endure nothing more than a slight drop and some alarmist headlines.
Nothing will happen and you know it And even if something does happen and all Social Media sites and all related faggotry just goes down altogether some faggots will probably just make something even worse than Facebook,Twitter and Reddit combined
Ain't no way the internet is going back to how it used to be
That's really the only difference between today and the original dot com bubble. Back then a bunch of people got burned buying into massively overvalued companies. When this one pops, only the private investors will feel the immediate financial burn, but the result is the same. Companies were massively overvalued, tons of companies will go under, millions will lose their jobs, and it will be significantly harder to find tech investments going forward.
>>52623502 >and the housing market will most likely collapse with it. back in 2000 when the last dot com crash happened housing in SF, SM, SJ all remained steady and even saw a small bump.
The only places that got wiped out were vaporware. The next bubble won't be as bad since the internet as a concept is much more established than previously and many of the large 'unicorns' are staying private instead of going public.
So when a 'unicorn' fails it's the gp and lp money from VCs that is lost instead of the general public like the last bubble.
Regular ol joes are totally fucked though if they live in the bay area.
Feels comfy living outside that shithole in a normal city.
First, Apple is a shitty place to work. Bad benefits and vacation packages. Find a different company. Secondly, yes you're fucked for 2 reasons. You're a pajeet and you're at the bottom of the totem pole. You offer nothing they can't get for less when they need it.
Apple has so much money they really shouldn't be affected, but if they can trim the fat when everyone else does, why wouldn't they. That's what makes managers look good.
Don't forget that designers and engineers are just a cost center to these places.
>>52623864 Few get richer A lot dont Monopolies tend to kill everyone else that tries to get richer than them so small companies get the cold end. Bigger monopolies hire less than a small and growing one.
>>52623864 that's what banks said about the housing market. Fuck it we can just bundle this shit mortgage with a good one and sell it off. As long as one one speaks up, we'll be good. Everyone is heavily invested in this scam so no one can turn on us.
Until people found out how to short mortgage bonds and it all collapsed in a year.
>>52623864 Investors invest to make money. If they keep funding nonsense startups with fantasy business plans then they will lose money because that startup is overvalued. Why would you keep giving your money to someone who won't ever give it back?
>>52623952 that's what everyone says when they start there. Then they get comfortable and don't want to disrupt their lives. Next thing you know you're waking up from 4 hours of sleep to get back to work because you're under constant deadlines and can't find time to cook a meal much less spend hours tightening up your resume and applying for new jobs.
>>52623952 Apple got busted with Google, Cisco, Microsoft in colluding to suppress wages and not hire each others employees. Good luck leaving there and going anywhere ekse besides low paying startup jobs.
>>52624079 According to who? The only thing I can see them doing is either spinning Tumblr off with the rest of their core web services when they restructure on their Alibaba stake, or just making it an independent company again.
>>52624460 >>52624402 Engineers, designers and salespeople are pretty much on the same level. Thats why apple is successful. If you have great marketing but your product is badly designed no one is going to buy it.
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