Has tech bubble 2.0 burst?

tech bubble 2.0 burst

It is all over. Tech bubble 2.0 has burst. Square has priced its initial public offering below the range, at only $9 compared with a proposed $11-$13. Not even Goldman Sachs could sell this thing! ( :-)) ndr.) …  Call in the removal trucks. San Francisco is done. Unless, a faint glimmer of hope: Square is not a tech company at all? It certainly quacks like a duck… It has cool-looking hardware and software. And all the financial features of a “unicorn”, the hyped private start-ups… But despite appearances, Square is a loss-making financial services company, with an unsexy niche in the payments infrastructure… It is not so much disintermediating and disrupting as adding another layer… Uber, Dropbox, Snapchat and the other richly priced private tech companies must hope that Square is perceived as weaker because it is not offering the same prospects for innovation-led growth. Then the party can continue.

 

Lex.

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