nternet bubble theory again s the bubble Carnival in 1999 repeating itself

tiger sniffing note: the original text from the Medium, the author Andrew Wilkinson, tiger sniffing compile.

"dude, Kevin Systrom just sold Instagram for $1 billion, and it really messed up, Kevin."." When I heard this sentence, I was sitting in SanFrancico Airport (SFO), ready to go home by plane, and a friend sitting behind me shouted at his friend who was nodding his head. In science and technology, a strange phenomenon is happening recently: 1 billion dollars really doesn’t make people feel a lot of money anymore. Just a few years ago, if there is a start-up company was bought at a price of $25 million, we have to fall down the chin pops. Now, but at $1 billion, people don’t even give a glance.

could be $1 billion into a new million dollar standard". After all, the world is changing at the pace of acceleration. The Internet and mobile computing have become mainstream, and it looks like a new era of explosive growth has arrived. Every day, entrepreneurs are forcing taxi giants and hotel tycoons to step down, but relying on smartphones and a dismissive attitude towards the old system. In this crazy new world, it looks like almost everyone can build a $1 billion start-up company, whether it’s Uber in dry cleaning or AirBnb for pet dogs.

if this scene is familiar, it’s because it did happen. In 1999, the Internet bubble peak period, every week there are billions of dollars in IPO and M & A, the transaction object is usually not the viable business model of start-up companies, rely on the "eye" and "sticky" (eyeballs) (stickiness). Who can forget YAHOO like a dumbass as a $3 billion 570 million takeover of Geocities Broadcast.com, who can forget the $5 billion 700 million deal? And do food delivery startup WebVan, only $5 million in revenue, profit is negative, the successful listing and reached more than $8 billion in market value. But two years later, the rapid decline, declared bankruptcy.

it’s a little different this time. Most of these companies have a certain amount of revenue. Some companies even have a small profit. Companies scrambling to go to IPO are running out, and more companies are insisting on longer privatisation. But on many levels, it’s starting to feel like we were in the middle of 1999. It may not be that level, and it probably won’t happen in the same way, but some of the problems are almost certainly fermenting. As Mark Twain (Mark Twain) once said, "history does not repeat, >

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