|
|
|
|
|
|
by lisbbb
336 days ago
|
|
|
I wholeheartedly agree--the hype has become toxic, just like in 2001 when the bubble burst. I think the author overestimates what will be salvageable from this. What I witnessed back in 2001-2003 was beyond comprehension. Find someone who worked for Northern Telecom back then to explain their experience of not only losing their job, but also their retirement (the entire 401K was in company stock). The former workers I encountered still lived in denial about the stock's worthlessness even into 2005, but it was finally, inevitably de-listed and the last remnants of those dead 401Ks was swept away. In RTP, the amount of office space that was built out has never been fully utilized to this very day. These tech bubbles come and go, but leave enormous craters of destruction in their wake. |
|
|
They also leave a select few propped up to move on to their next, entitled, adventure [0].
[0] https://web.archive.org/web/20100326134422/http://www.phonep...