Web Crash 2.0
Web Crash 2.0
Out of context: Reply #4
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- instrmntl0
A really amazing business man told me during the dotcom era that bubbles are cyclic and happen about every 7 years. Usually it's technology driven, where new technologies spark growth and investment for potential revenue. Most fail, as really when things come down to it, its all about profit and sales. The crash happens as a way to cleanse the market of bad investments.
Zynga was seen as one of the 2.0 success stories, and now they've laid off 20% of their resources. To me they represent the social/mobile/table companies that at first gave companies new hope for extended revenue, but now are seeing that the numbers just aren't there.
- Survival of the fittest (or now a days, most adaptive)ideaist