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by master_shake
4597 days ago
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The amount of borrowed money on the stock market as a percentage of GDP recently reached an all time high. And with institutional interest rates as low as they are, money is cheap, and it's flowing into tech. In fact, one could make the case that the entire global economy is being propped up by central banks. And there's no denying that the price of snapchat is bat shit insane. Plus look at facebook, running out of ideas, losing touch with the youth, desperately trying to buy up burgeoning competition. This is characteristic of the sector as a whole. |
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