pull down to refresh

83 sats \ 3 replies \ @Undisciplined 8 Mar \ parent \ on: The (Not So) Magnificent Seven? Is this dotcom bust 2.0? Stacker_Stocks
In the long run, sure. However, the dotcom bust wasn't because the internet wasn't revolutionary technology. It happened because the internet wasn't as revolutionary as promised as soon as promised.
write
preview
36 sats \ 2 replies \ @Coinsreporter OP 8 Mar
However, the dotcom bust wasn't....
I agree. I want to add It happened because the companies couldn't keep pace with the revolutionary internet. This time it seems that these companies aren't able to keep pace with AI in short run and quantum mechanics for the long run.
I see a new group will rise to the floor. It may even wipe out the dominance of American tech companies.
reply
20 sats \ 1 reply \ @Undisciplined 8 Mar
Yeah, that's pretty much what happened before. More realistic companies rose from the ashes of the fantasy companies.
reply
39 sats \ 0 replies \ @Coinsreporter OP 8 Mar
Let's be ready to welcome the new ones. What's been most of M7 have been doing except acquiring new innovations. I'm sure the next big ones will adopt Bitcoin on their balance sheets.
reply