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by ang_cire
70 days ago
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I think a lot of people don't see the historical trend of where investment moves around. The 90s dot-com era was driven by massive investment in e-commerce (remember that term?) businesses. It created a bubble, which then burst. When bubbles burst, investors change tack, and when investors pull back, companies turtle and do layoffs. After Y2K, investment moved on to real estate. In 2008, that bubble burst. It moved on to social media next. I would argue that bubble burst somewhat silently during COVID with the quiet deaths of Xitter and Facebook (from a standpoint of cultural relevance), and investment transitioned towards and into its current AI bubble. Investors are always going to move on once the lustre of a field has waned, and I'd hazard that we'll see investment move somewhere other than software tech next (if I had to prognosticate, I'd say it's moving into robotics/ drones). |
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