1999 vs. 2013: This Time It Is Different
An incredible statistic and chart posted this morning at Phoenix Capital Research. Most people believe that while the current technology market is a bit frothy it is in no way near the manic bubble that was taking place in 1999. Really?
This year 73% of the tech companies that have gone public have never turned a profit.
How does that compare to the mania in 1999?
That year only 27% of the tech companies were unprofitable.
The NASDAQ fell 80% after the last tech mania ended in 2000. I'm sure this time with a far larger percentage entering with no profits it should turn out much, much better. The full list of this year's madness is below. Get em while they're hot.
This year 73% of the tech companies that have gone public have never turned a profit.
How does that compare to the mania in 1999?
That year only 27% of the tech companies were unprofitable.
The NASDAQ fell 80% after the last tech mania ended in 2000. I'm sure this time with a far larger percentage entering with no profits it should turn out much, much better. The full list of this year's madness is below. Get em while they're hot.
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