Tech Bubble 2

Is Google getting rekt today a sign that the tech sector madness is about to come to an end?

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Or possibly Google is losing touch with what users want and it's finally catching up to them. They will be replaced by other tech companies. People aren't about to give up their smartphones, streaming videos, social media, etc.

absolutely not

it's actually a sign of the total crash being at hand, billions will die

The amount of power and wealth commanded by tech companies today compared to in 2000 seems to correlate well with the change in tech stock prices since then

Google is simply too big to fail, they will recover.
Unfortunately, they are literally botnet:the company

the market will go up as long as central banks keep injecting money into the system like they have been for the last decade. Once that stops you'll see prices deflate to a more reasonable level.

I'm hoping for it.
I'm gonna buy boatloads of cheap stock.

I bought 10,000 shares of AMD at $2 and made out like fucking crazy.

No. GOOGL's solid. I find it hard to believe GOOGL's robust product space getting dragged down due to poor profits in anyway way is the same issue as the one that's about to befall all the never-profitable, venture-capital speculative tech shit that's going to come crashing down in 3 years.

I'd worry more about Lift and Uber.

It's called the "Everything" bubble.
It's not just tech companies.
Shit is gonna explode soon.
My guess is 4-6 months before the 2020 election.

Didn't people say the same about Enron?

No. Enron was never too big to fail. "Too big to fail" was a phrase floated around super old blue chips like GM, but mostly it was a term popularized about old-school, stable economic powerhouses, particularly banks in the 2008 crisis. Nobody thought that those bloated, 3 year-old up-and-coming tech stocks were too big to fail.

Enron was a "through rose-colored glasses, all the red flags just look like flags" deal. It upset many but surprised few.

No. Not even remotely the same circumstances today than the 00's.
Put it this way, in Aus people are talking about things that only the internet today (not back then) could have informed us properly about through social media (why the GFC happened). When westpac, cth bank, NAB, ANZ, etc hinted any wiff of trouble recently regarding mortgages it seemed like every shoe shiner on the street thought "oh look, Australian lehman brothers". USA never had that information that commonly known to common folk in 2005-7 as nobody knew of the threat due to the our infancy with the internet. That allows people to hedge potential economic uncertainty, reducing uncertainty and potentially the crashes.
"Hedge" is far more common lingo today for good reason.

It's always exploding. I think companies are deliberately stimulating chaos in our economy as it makes money for people that know what it does. The poor unemployed folk are at the mercy of this though.

Enron actually had a product though.
Google is all bullshit. I bet youtube, etc earns nothing.

i literally could not give less of a shit you fucking inbred douchebag

>"Too big to fail" was a phrase floated around super old blue chips like GM, but mostly it was a term popularized about old-school, stable economic powerhouses, particularly banks in the 2008 crisis.
>particularly banks in the 2008 crisis

The ghost of Lehman Brothers wants a chat. Nothing is too big to fail. That mentality creates complacency and creates problems in large corporations.

Those poor unemployed folk are your "demand" though. I don't get why corps don't want to stimulate demand by getting people work.

Hey, I'm not saying that the idea of "too big to fail" isn't fundamentally flawed, I'm just saying that nobody every thought Enron was a economic pillar to be relied on any more than those who bought Bitcoin when it was 24k thought it was "too big to fail."

"Too big to fail" is a feeling of betrayal of trust in something you were reasonably convinced was secure. Not simply "being valuated highly, so it will always be worthful."

I don't think people consider Google "secure". Nobody considers anything secure after 2007. That's why our economy beared for nearly half a decade. We have no faith in our economy. Only recently has it recovered at all because the internet allowed common folk to learn how to hedge properly and speculate less.

I think I quoted the wrong person. (intended: )

Was me anyway.

Lehman brothers are clearly not too big to fail.
The Big 3, JPM, Goldman Sachs, Merril Lynch on the other hand...

> Nobody considers anything secure after 2007.
By what metric? Consumer confidence is pretty damn high. After the 2007-8 event, lay-people were confronted with what the investing industry already knew: that anything traded above the risk free rate carried risk and they were introduced to what "risk" no matter how hedge meant. But what does that really tell you? The risk free rate is still a concept that exists. Even surviving Trump, the US Treasury trust is considered 100% secure (barring acts of god so substantial that the very idea of economy deteriorates). And everything else is some degree of insecure.

"What happened after 2008 is people learned to hedge properly" is pretty much as far from the truth as possible. People knew about hedging since 1920 and people learned nothing from 2008. But the bottom line is that Enron was NEVER a safe investment any more than housing was, and frankly everyone had the tools to know this, they just thought they were agile enough to not be the last one holding the pot.

>Consumer confidence is pretty damn high.
Not in Aus. People are talking about property bubbles and bank practices all the time... even tradies are talking about it in anxiety about the future.
Maybe the US has dementia about lehman.

>People knew about hedging since 1920
I'm talking tradies and the lower class. They weren't educated highly on this shit (or rather they didn't know they had to look) until social media and the GFC brought it to their attention.
>people learned nothing from 2008
Clearly they did if tradies are worried about the banks and property bubbles. When you hear things like "mortgages with honeymoon periods" you get a bit nervous.

I fucking hope so. I have like 20k I've been meaning to invest for a few years so a crash would be fantastic.

If google is going to fail, it's going to be broken up and bailed out.

It won't outright fail.
It will just drag the market down like a gigantic sinkhole.

If you think amazon is going to crash you've got a misunderstanding of what amazon does. Amazon sells fucking hosting, not ads.

Because Samsung losing 30% revenue is totally on purpose.
Or Nvidia's stock price going down 50%
They pumped the bubble up as far as it could go.
These crashes are just the result.

>The poor soon-to-be-unemployed folks
'Ere fixed it 4 ya

Google can't be broken up because only one division (AdSense) sustain all the others

possibly even trillions will die

Probably true. That's what happens when you build an entire economy on bullshit (i.e. Google's product).

use bing and kill google.

just use bing and starve them to death.

based

>tfw google is going bankrupt just when you started to earn serious money with adsense

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Bing has incredibly nice front screens, you have to admit that.

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Apple stock is up 5% for selling 30 million less cellphones than last year. wtf

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I have no idea what this thing is supposed to be, though.

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>robust products
like what?

the tech market will never pop
if nvidia or apple cut prices by 50%, profitability would go up insane amouts
they just dont want to, in order to induce scarcity
I would by 10 macbooks or nvidia cards if they were really cheap
tech companies have allot of cards up their sleves to generate cash

No. As long as the normies are willing to be exploited so badly as long as they don't have toy pay a cent, there will always be a terrible, terrible tech market.

Borb

Bing blows

Yeah, and bad search results unless you're trying to find porn in which case it's great.

lol u deserved to get rekt neetboy