Questions are starting to be asked seriously about whether we're in the middle of a second internet bubble. Some say No: PwC, Fred Wilson, Sarah Lacy and Paul Graham strongly deny the existence of a bubble. On the other hand, some say Yes: Mike Arrington and Don Dodge think there is one. So what's really happening. Is there or isn't… Continue reading Repeat after me: “It’s not a bubble”
In trying to figure out how to bail-out the financial institutions and avoid a global economic meltdown, finger-pointing and blame-laying has been a standard dish these last few weeks. However, blame is seldom one-sided. Governments may have allowed it to happen and banks may have been greedy and irresponsible, but consumers have been foolish too.… Continue reading Coming up: The Global Travel Bubble [Part 1]
In an earlier post I mentioned Twitter as an example of a "Bubble 2.0" company because it has a seemingly flawed (or no) business model. My (rhetorical) question was "How do you make money by sending free text messages to people?" Well today Twitter announced it is stopping the UK outgoing SMS service beacuse it… Continue reading Twitter stops UK outoing SMS – Says it costs too much!
If you've ever read Carlota Perez's work, and/or are endowed with an average amount of common sense, you will know that like many other things, economic life cycles follow certain patterns. So do technological innovations. Some people call them 'revolutions'. Like the Industrial Revolution or the Internet Revolution. Very often, the climate (economy, markets, investors,… Continue reading Bubble 2.0?