Thread

1. cmiles8 · 1791103225 · focus · HN ↗

   Every bubble goes through this phase just before it pops. Pre-implosion Twitter had tons of folks doing useless “research” projects, WeWork had folks studying furniture design’s impact on wellbeing, and so on.

   When you’re more worried about this sort of stuff vs generating profit then the history books strongly indicate that’s usually not a good omen of what’s coming next.

   1. bonoboTP · 1791103903 · focus · HN ↗

      What do you expect to happen? The technology to disappear and for us to go back to living like it's 2021? It will just pop and be gone?

      1. mastazi · 1791125819 · focus · HN ↗

         Did the Internet disappear after the .com bubble? Did tulips stop being sold after tulip mania? Did people stop buying houses after the GFC?

         1. weare138 · 1791127484 · focus · HN ↗

            No but all those companies and the investors' money did disappear because that's how a bubble works. Industries don't create bubbles, the companies in them do.

            1. AnnikaL · 1791167389 · focus · HN ↗

               Plenty of Internet companies are still around after the dot-com bubble crashed though.

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