Box.net files for IPO
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It is seriously amazing the estimated value of some of these "little" players that seem like they could dry up and blow away overnight.
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Anyone get the feeling that we are looking at the "cloud bubble" happening? Over-inflated value for companies that do well today but rest on a customer base that is not necessarily sticky at all.
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@bill-kindle @scottalanmiller
Still baffled at FB's $11B IPO, then their $19B purchase of WhatsApp. SnapChat turning down FB's $3B is just crazy in the face of crazy. Lots of crazy going around is all I know.
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Yeah I'm baffled at how they can be valued at those astronomical numbers. Facebook I kinda understand, they are mining your data and selling it. Box stores data, has paying customers, but how can they be valued at that price? Are they selling data too?
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@scottalanmiller said:
Anyone get the feeling that we are looking at the "cloud bubble" happening? Over-inflated value for companies that do well today but rest on a customer base that is not necessarily sticky at all.
I think we are over-due. Dot Com bubble happened about 15 years ago, and apparently people forgot about that and what caused it. Sure, some people lost a lot, but if you bought Amazon at $7 a share, well, aren't you sitting pretty
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I'm sure someone can remind me what the root of the burst was last time?
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@Dashrender said:
I'm sure someone can remind me what the root of the burst was last time?
People invested in companies with a web presence based on nothing. There was no business model, no customer base, no revenue. Investors were insane and just kept investing even when there was clearly nothing there.
Much like we see today. Have a "cloud" business and investors give you money even if you don't actually have anything.
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@Bill-Kindle said:
@scottalanmiller said:
Anyone get the feeling that we are looking at the "cloud bubble" happening? Over-inflated value for companies that do well today but rest on a customer base that is not necessarily sticky at all.
I think we are over-due. Dot Com bubble happened about 15 years ago, and apparently people forgot about that and what caused it. Sure, some people lost a lot, but if you bought Amazon at $7 a share, well, aren't you sitting pretty
Fifteen years ago!
Argh
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@scottalanmiller said:
@Dashrender said:
I'm sure someone can remind me what the root of the burst was last time?
People invested in companies with a web presence based on nothing. There was no business model, no customer base, no revenue. Investors were insane and just kept investing even when there was clearly nothing there.
Much like we see today. Have a "cloud" business and investors give you money even if you don't actually have anything.
A couple of shows I listen to are always talking about how some investors put money into companies who don't make anything expecting big payouts and then how they are shocked when they lose. Always better to invest in something tangible than in something that can come and go quickly.
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@scottalanmiller said:
@Bill-Kindle said:
@scottalanmiller said:
Anyone get the feeling that we are looking at the "cloud bubble" happening? Over-inflated value for companies that do well today but rest on a customer base that is not necessarily sticky at all.
I think we are over-due. Dot Com bubble happened about 15 years ago, and apparently people forgot about that and what caused it. Sure, some people lost a lot, but if you bought Amazon at $7 a share, well, aren't you sitting pretty
Fifteen years ago!
Argh
In my late twenties now, I'm starting to understand that feeling more every day.
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I've been in IT for 25 years!
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@scottalanmiller said:
@Dashrender said:
I'm sure someone can remind me what the root of the burst was last time?
People invested in companies with a web presence based on nothing. There was no business model, no customer base, no revenue. Investors were insane and just kept investing even when there was clearly nothing there.
Much like we see today. Have a "cloud" business and investors give you money even if you don't actually have anything.
Yeah, I think the bubble is coming. I remember the dot com bust and it was crazy. Someone tried to buy the company I worked for before the bust and it was insane.
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@DenisKelley Let's take the recent Target fiasco. Now apply that to Facebook or one of the other more recent IPO's. They are one major security breach away from starting a panic.
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Security rarely effects Americans. Americans are not a security conscious society. Personal freedom and protection isn't something internalized in our society. We talk about it but that is more misdirection.
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@scottalanmiller We've been 'conditioned' to not care.
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Yes, I agree - people just think it will never happen to them. How easy they forget!
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@scottalanmiller said:
@Bill-Kindle said:
@scottalanmiller We've been 'conditioned' to not care.
Mostly by ourselves.
And that apathy towards privacy on the net bothers me the most. You see a lot of people doing mental gymnastics trying to justify why it's OK and that if you don't want it shared don't put it on the net. To me someone's digital foot prints are no different than their personal effects. They are to remain digital private property subject to the same laws that require a search warrant before obtaining. The snooping is inexcusable.
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Twitter stock now tumbling:
http://data.cnbc.com/quotes/TWTR -
@Bill-Kindle said:
Twitter stock now tumbling:
http://data.cnbc.com/quotes/TWTRAnd Tumblr sticks now Tweeting?
