phuckphace
September 12th, 2015, 09:21 PM
anyone else find these absolutely hilarious to watch? there's something sublimely beautiful about a greedy mass scramble ending in spectacular PHAIL for most parties involved, proving over and over that we don't learn from history and in fact seem to go out of our way to avoid doing so
my third-favorite bubble besides tulips (https://en.wikipedia.org/wiki/Tulip_mania) and e-tulips (Bitcoin).
https://en.wikipedia.org/wiki/Dot-com_bubble
The period was marked by the founding (and, in many cases, spectacular failure) of several new Internet-based companies commonly referred to as dot-coms. Companies could cause their stock prices to increase by simply adding an "e-" prefix to their name or a ".com" to the end, which one author called "prefix investing."
lmao
*Clippy pops up on the Bloomberg Terminal* it looks like you may have a serious gambling addiction, would you like help?
Not surprisingly, the "growth over profits" mentality and the aura of "new economy" invincibility led some companies to engage in lavish internal spending, such as elaborate business facilities and luxury vacations for employees. Executives and employees who were paid with stock options instead of cash became instant millionaires when the company made its initial public offering; many invested their new wealth into yet more dot-coms.
a fool and his money are soon parted.txt :lol3: I'd like to think that if most of us here on VT suddenly came across a million dollars, the very first thing we would not do is buy up the overvalued stocks of a company founded literally last Thursday, but then again we aren't salivating "venture capitalists" (fools with money)
my third-favorite bubble besides tulips (https://en.wikipedia.org/wiki/Tulip_mania) and e-tulips (Bitcoin).
https://en.wikipedia.org/wiki/Dot-com_bubble
The period was marked by the founding (and, in many cases, spectacular failure) of several new Internet-based companies commonly referred to as dot-coms. Companies could cause their stock prices to increase by simply adding an "e-" prefix to their name or a ".com" to the end, which one author called "prefix investing."
lmao
*Clippy pops up on the Bloomberg Terminal* it looks like you may have a serious gambling addiction, would you like help?
Not surprisingly, the "growth over profits" mentality and the aura of "new economy" invincibility led some companies to engage in lavish internal spending, such as elaborate business facilities and luxury vacations for employees. Executives and employees who were paid with stock options instead of cash became instant millionaires when the company made its initial public offering; many invested their new wealth into yet more dot-coms.
a fool and his money are soon parted.txt :lol3: I'd like to think that if most of us here on VT suddenly came across a million dollars, the very first thing we would not do is buy up the overvalued stocks of a company founded literally last Thursday, but then again we aren't salivating "venture capitalists" (fools with money)