June 20, 2024

Bubble, toil and trouble – Are we approaching tech bubble 2.0?

1 min read

Companies that have never generated any profit are still raising millions. Are we approaching tech bubble 2.0, asks Ian Vella.

Friday, March 10, 2000 was a black day for technology companies. The Nasdaq stock exchange opened as usual at 9am but the outlook wasn’t looking good. In fact, stockbrokers were already expecting a disastrous day as in the preceding week, hundreds of tech companies had started going bust. Many 20-year-olds, who were already millionaires after setting up their companies in Silicon Valley, had already moved out of their multi-million properties and were back to where they had started: a room at their parents’ house.

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Ian Vella
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