When do you think the tech bubble is going to burst?

>>52623233
this year, definitely. the stock market is already giving hints of the big burst coming.


hopefully it will be even more devastating that the 08 crash, and i'm praying it will wipe all the sjw cancer with a 2000 dot com magnitude for the tech sector

File: 1452727812606.jpg (62KB, 600x566px) Image search: [Google]

62KB, 600x566px

>>52623233
2016

>>52623233
>this year

Bye bye twitter

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?

File: 697459575.png (25KB, 616x518px) Image search: [Google]

25KB, 616x518px

>>52623337
twitter is already RIP

>>52623293
>wanting the economy to take a shit

How's high school working out?

File: 1452732401821.png (2MB, 1358x1544px) Image search: [Google]

2MB, 1358x1544px

>>52623357
massive unemployment,

dollar will lose most of it's value if the fed does hyper inflation


there will chaos


/pol/ will be right again

>>52623404
>implying i'm usaian
>implying i wouldn't enjoy the show

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.

>>52623421
Ahhh, so you already live in a shit economy. I understand you now.

>>52623435
im european :^)

File: 1452014035146.jpg (45KB, 500x680px) Image search: [Google]

45KB, 500x680px

>>52623421
>National economies exist

We're all in this boat together, friend

>>52623453
As if europe will be spared

>>52623435
wow, anon. you told me. you told me so hard.

do you really believe the US economy is at this time even close to be fine? for that matter, the world economy is in the shitter.

also, this stopped being technology related, so gtfo to >>>/biz/

>>52623480
>>52623480
welp i guess you are right

at least my normie friends will lose their jobs i guess :)

>>52623357

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.

>>52623453
>euro a good economy
Not taking your b8.

>>52623293
>>52623324
>>52623502

come on guys, this cant be right

i read that the 2000 tech bubble burst started when funded startups started RUNNING OUT of money, it will be a while until that happens this time. and thats if theres even a bubble.

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

>>52623543
>>52623517

who the hell cares about the economy, if i lose my startup job and can't get another then the economy is over for me, and if i keep it and others starve i dont give a shit

>>52623502
>>52623517

Basically everyone in the country will be fine except California, whose entire economy is based around the tech bubble.

>>52623233
i'll never understand this bubble thing. why cant investors just agree to keep it going forever so everyone gets rich?

>>52623293
>giving hints
more like "already starting to fall flat on its face"

>>52623517

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.

>Twitter is trading for less than its IPO
>Etsy is trading for less than its IPO
>Fitbit is trading for less than its IPO
>Square is trading for less than its IPO

Outlook isn't good

>>52623534
the 2000 tech bubble burst right after Microsoft was declared a monopoly.

thanks a lot, courts.

>>52623612
>why cant investors just agree to keep it going forever so everyone gets rich?
>so everyone gets rich?
Spotted sjw

>>52623641
As someone who might gets a job in the design field at Apple in Cali should I be worried as well? I'm not from the US so I don't know about that.

>>52623848
yeah seriously though what would be the problem with keeping this up forever

>>52623852

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.

>>52623852
>Apple
Hahahahah why you joining a sinking ship

>>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?

>>52623918
>>52623922
Thanks. I know it is not a good company to work at but I only plan to work there for around two years, mainly to have their logo in my resume.

>>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
Pajeet, remember Tesla:
>If you dont make it at Tesla you go work at Apple

Now imagine your interview:
>"So you were at Apple? That sinking piece of shit? Go poo in the loo!"

>>52623543
>just make something even worse than Facebook,Twitter and Reddit combined
Tumblr

>>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.

>>52624017
yahoo is already going to kill tumblr

>>52623952
I seriously hope you're not taking advice from /g/ which is basically NEETs, community college dropouts and bitter sysadmins, if you're a graduate of the quality that Apple might hire

>>52624079
I'm sure Yahoo will kill of tumblr when they paid $1bn only a few years ago and it's one of the most popular sites on the entire internet

Are you stupid?

File: ™.png (298KB, 600x512px) Image search: [Google]

298KB, 600x512px

>>52623918
>Don't forget that designers and engineers are just a cost center to these places.

At Apple?

Uh.

>>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.

>>52624235
>implying management and sales aren't a higher class of people than neckbeard hipster fags.

>>52624301
When Apple's entire model is based on design and pushing their engineering team, I'd say salespeople are lower than the engineers. The iPhone sells itself these days.

>>52624402
>The iPhone sells itself these days.
You can thank the marketing team for that.
So now we can confirm that marketing is also higher tier than engineering. Not really a big surprise there.

>>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.

>>52624509
I can't imagine it takes engineering geniuses to follow apple's design schema.

>executives: make it . . . bigger.
>designers/engineers: BUT HOW
>executives: make it . . . expensiverer.
>designers/engineers: GENIUS.

File: carlos2.jpg (19KB, 500x367px) Image search: [Google]

19KB, 500x367px

>>52623756
well yeah, Outlook is shit
Thunderbird is way better

File: BIH.png (288KB, 695x746px) Image search: [Google]

288KB, 695x746px

>>52623233
Right now.

File: desperation.png (417KB, 746x591px) Image search: [Google]

417KB, 746x591px

>>52627345

>>52627345
holy fuck
weren't they over 400 a couple years back?

>>52627372
nevermind, apparently not
still, they hit $135 less than a year ago, that's a pretty big drop

why did I remember $400 though
did it split or something

>>52627400
>>52627372
In 2012 it hit $700

>>52623233
2001

File: crash.png (417KB, 935x949px) Image search: [Google]

417KB, 935x949px

IDS HABBENIG

>>52627372
They did a 7-way stock split a year or so back. $135 is $945 in old share value. Their value hasn't significantly decreased since 2011.

>>52627357
>I have no idea how 2-year contracts work

--You, 2016

>tfw remember dotcom bubble
>tfw remember when you could buy groceries and gas off priceline

man that shit was fucking dope

File: 1445769450597.gif (983KB, 640x360px) Image search: [Google]

983KB, 640x360px

>>52627526
You can still buy groceries online.

>>52623404
>Being this heavily invested in the status quo

>>52627372

Google/Alphabet is over 700 still

Hopefully it goes back up

>tfw google stock

>>52623502
So if I work at a tech company that actually has value (provides a tangible service), am I okay?