‘We’re in a Bubble’ – Sam Altman

A lot of people have been saying we’re in a tech bubble for quite some time. Someday they’ll be right, but in the meantime, I thought it’d be fun to look back at some articles from the last 10 years:

2007, Coding Horror — Welcome to Dot-Com Bubble 2.0. “You might argue that the new bubble has been in effect since mid-2006, but the signs are absolutely unmistakable now.”

2008, Gigaom — Is Linkedin worth $1B? “The valuation of $1 billion – not as insane as the [$15 billion] valuation placed by Microsoft on Facebook – was jaw dropping.”

2009, Wall Street Journal — The Bursting of the Silicon Valley Bubble (2009 Edition). “Some think that this round of Silicon Valley blowups might be more damaging than the last.”

2010, Daily Beast — Facebook’s $56 Billion Valuation and More Signs of the Tech Apocalypse.  “One analyst predicts Facebook will easily be worth $200 billion by 2015. Right on! And by 2020 it could be the first company with a $1 zillion market value, so buy-buy-buy, everybody!”

and, famously, Signal v. Noise, Facebook is not worth $33,000,000,000. “But the bullshit monopoly-money valuation merry-go-round has to stop.”

Source: ‘We’re in a Bubble’ – Sam Altman

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