The Not-Com Bubble Is Popping
The unicorn massacre unfolding today is exactly the opposite of what happened in 2000.
by Derek Thompson
Oct 18, 2019
4 minutes
It is easy to look at today’s crop of sinking IPOs—like Uber, Lyft, and Peloton—or scuttled public offerings, like WeWork, and see an eerie resemblance to the dot-com bubble that popped in 2000.
-
Both then and now, consumer-tech companies spent lavishly on advertising and struggled to find a path to profit.
-
Both then and now, companies that bragged about their ability to change the world admitted suddenly that they were running out of money.
-
Both then and now, the valuations of once-heralded tech enterprises were halved in a matter of weeks.
-
Both and , there
You’re reading a preview, subscribe to read more.
Start your free 30 days