What You Should Do To Prepare For The Next Dot-Com Bubble Burst. Don’t Let Anyone Burst Your Bubble
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.
Traffic As An Indicator of Economy
During the dot-com bubble era, many of us living in the Bay Area complained about how bad the traffic was. But after the bubble burst, the traffic was much lighter. Why? A lot of people have lost their jobs or moved out of the area to get a new job. And then we started saying traffic is good as it is a health indicator of the job market and the economy.
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