What You Should Do To Prepare For The Next Dot-Com Bubble Burst. Don’t Let Anyone Burst Your Bubble.
On Wednesday last week, Dow plummeted 832 points as techs get hit hard. Tech stocks like Amazon (AMZN), Facebook (FB) and Netflix (NFLX) all got hammered. As a result, Tencent music postponed IPO due to global market sell-off. The current volatility reminds me of the dot-com bubble back in 2000. Is this a signal that the Tech bubble burst is coming?
According to data compiled by Jay Ritter, a professor at the University of Florida’s Warrington College of Business, 76% of the companies that went public last year were unprofitable on a per-share basis in the year leading up to their initial offerings versus 80% during the dot-com boom in 2000. Of the 15 tech companies that went IPO in 2018, only three had positive earnings per share in the previous year. See more...
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| Source: The Verge |
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