> But if you look at the share price of like, Tesla - it's completely insane.
So was the stock prices of amazon, google, etc. You don't expect companies that are opening new industries/businesses to trade like AT&T. You don't expect these companies to pay dividends.
> Tech is a pretty egregious sector because of how many business models basically boil down to "we don't actually need to make money if we have a desirable stock".
Tech companies are some of the most profitable companies in the world. Apple, google, amazon, facebook, etc print money. These companies make more cash profit that your companies with "fundamentals" make in revenue in a decade.
> I don't think we'll be worse off if the next generation of software companies actually focuses on making products people want to buy rather than play games with DAU and user acquisition and etc.
That happens in all industries. From finance to hospital equipment to real estate.
If the bubble is popping, it isn't a tech bubble that's popping, it's an asset bubble that's popping.
So was the stock prices of amazon, google, etc. You don't expect companies that are opening new industries/businesses to trade like AT&T. You don't expect these companies to pay dividends.
> Tech is a pretty egregious sector because of how many business models basically boil down to "we don't actually need to make money if we have a desirable stock".
Tech companies are some of the most profitable companies in the world. Apple, google, amazon, facebook, etc print money. These companies make more cash profit that your companies with "fundamentals" make in revenue in a decade.
> I don't think we'll be worse off if the next generation of software companies actually focuses on making products people want to buy rather than play games with DAU and user acquisition and etc.
That happens in all industries. From finance to hospital equipment to real estate.
If the bubble is popping, it isn't a tech bubble that's popping, it's an asset bubble that's popping.