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by JavaScriptrr 3773 days ago
The last couple of years, everytime someone would ask the cliché 'is there a bubble?' Question to a VC, they all waved it away. The questions were legit because of the insane valuations that have been thrown around. How often in History have companies like MagicLeap for example, got to billion+ valuation before ever launching a product. Evernote is a legit business, yes but same story. Blown up by investors. The bubble is cracking.
2 comments
MicroBerto 3773 days ago
The unicorn valuation bubble seems to be cracking, sure, but what does that mean for the average tech employee? Average citizen?

I'm concerned but still not convinced this will shock the rest of the economy, at least not all on its own.

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adventured 3773 days ago
It's almost entirely irrelevant to the rest of the economy. That is not an exaggeration.

During the dotcom bubble crash, Cisco all by itself destroyed more market cap from top to bottom than the entire unicorn bubble is worth combined (and that's before inflation adjusting for 15 years).

This current tiny mess? It's hardly even a single line sideshow to the rest of the US or global economy, what's going on in China, the commodity markets, negative interest rates in Europe or Japan, etc. A ~1% value drop in just the US residential housing market is worth as much as every unicorn combined.

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tayo42 3773 days ago
I don't understand why magic leap has so much investment with nothing to show. Just in general I don't see how it could be worth that much. It's cool in a nerd way but doesn't seem to have real value. Like how is this going to make a meaningful impact on the world?
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tim333 3773 days ago
Their product comes out in 11 days. I guess the bull case is people buy the thing. They are being secretive but here's Scoble and others being upbeat in their promo vid https://youtu.be/XxwrXacMe6Y?t=25s
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tayo42 3773 days ago
Didn't know they're coming out with something so soon. I guess we can all judge then. lol

I guess still to me virtual reality glasses seems like a very cool gimmick. If its a general purpose consumer product its success would be really dependent on a "killer app" and affordability. I guess we'll see... thats a lot of money invested.

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shkkmo 3773 days ago
Isn't that about Meta, not Magic Leap? I can't find any info about a Magic Leap product coming out in the near future.
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prostoalex 3773 days ago
with nothing to show to the public

I am assuming investors are blown away by something before writing those checks.

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