Photo credit: @julesdwit.
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Jenna Wortham, New York Times reporter and writer for the Bits blog, discusses the new boom in tech companies that has some seeing another dot com bubble.
The internet is tying together the global economy, not only making it people to communicate with almost anyone else on the planet, but to buy from wherever they want on the planet as well. Those companies who are best at exploiting all of the vast possibilities will do very well, to say the least. But many will fall to the wayside as well. Investors, beware.
10 years ago nobody had "decent" internet connections. You couldn't do anything. This burst of activity is directly connected to internet and cell phone connections that can support a modicum of economic and social activity.
In addition, tech startup entrepreneurs 10 years ago were generally inexperienced and unprofessional, to say the least. I'm guessing today's entrepreneurs are many of the same folks, but a bit wiser and more business-minded.
Like every technology (to a greater or lesser degree), Social Networking never delivered on its promise: instead of being an online community, it's been a way for advertisers to gleam user-provided profile information in order to simplify automated targeted marketing.
Somehow, I don't see that being worth anything (but then again, I'm not into advertising).
"why do prople like angry birds?" it's mindless
If one is looking to tech companies as a place to invest one's money, then you may as well go to Vegas and at least enjoy the free buffet.
Meanwhile, you could have tripled your money in the past two years by investing in Starbucks.
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