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by mike_hearn 9 days ago
Eh, you can find HN posts predicting that literally everything will destroy privacy/society/trust/etc. Predicting doom is a popular pasttime.

What I remember from that time period is people predicting that we were in a tech bubble driven by social media, that obviously Facebook and LinkedIn were overvalued because social media was a trivial fad, and so on. Example article pulled at random:

https://theconversation.com/linkedin-is-floating-on-air-or-i...

And yet there was no bubble, these companies did fine and Meta became a financial Godzilla.
1 comments
nostrademons 9 days ago
They weren't wrong. We were in a tech bubble driven by social media. Digg, StumbleUpon, Kongregate, MySpace, Orkut, Slide, Meebo, Mahalo, Bebo, Justin.TV, etc. aren't exactly around anymore. Facebook and YouTube are the winners.

Anyone remember this video?

https://www.youtube.com/watch?v=I6IQ_FOCE6I

How many of the logos that scroll by there still exist?

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asveikau 9 days ago
I was definitely around when that video was current, but I don't remember it. It's pretty amusing.

Ironically I feel like it captures the spirit of the then-coming 2010s boom more than the climate in 2007, though some of the language it's using is decidedly pre-mobile and more "web 2.0"-ish.

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mike_hearn 9 days ago
The fact that some companies fail isn't evidence there was a bubble. Companies are always failing.
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