This SPAC bubble is making the dot com bubble look non existent.

S

S2007S

Wake up and see the bubbles everywhere especially in SPAC, nope this time it's not different, it never is because at the top and during an unstoppable bull market, euphoria, complacency and just the high of making free money every day in the market (thanks to the fed) keeps you blinded by the setup of real reality of what lies ahead. It's easy to make pretend it doesn't exist until the day it finally does. Like I mentioned this is an insane time of the biggest market bubble to world has ever seen, like the dot com bubble never existed. More than 75% of these spac plays will fail and eventually the market will implode....until then enjoy the free money as it's being printed........


Fun FACT

The number of public listings by zero-revenue companies valued above $1 billion currently exceeds the dot-com era





https://www-businessinsider-com.cdn.ampproject.org/v/s/www.businessinsider.com/spac-public-listings-zero-revenue-valued-billion-exceeds-dot-com-2021-2?amp_js_v=a6&amp_gsa=1&amp&usqp=mq331AQFKAGwASA=#aoh=16145747946461&csi=0&referrer=https://www.google.com&amp_tf=From %1$s
 
S2007S said:
Wake up and see the bubbles everywhere especially in SPAC, nope this time it's not different, it never is because at the top and during an unstoppable bull market, euphoria, complacency and just the high of making free money every day in the market (thanks to the fed) keeps you blinded by the setup of real reality of what lies ahead. It's easy to make pretend it doesn't exist until the day it finally does. Like I mentioned this is an insane time of the biggest market bubble to world has ever seen, like the dot com bubble never existed. More than 75% of these spac plays will fail and eventually the market will implode....until then enjoy the free money as it's being printed........


Fun FACT

The number of public listings by zero-revenue companies valued above $1 billion currently exceeds the dot-com era





https://www-businessinsider-com.cdn.ampproject.org/v/s/www.businessinsider.com/spac-public-listings-zero-revenue-valued-billion-exceeds-dot-com-2021-2?amp_js_v=a6&amp_gsa=1&amp&usqp=mq331AQFKAGwASA=#aoh=16145747946461&csi=0&referrer=https://www.google.com&amp_tf=From %1$s
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One Billion in 1999 was a shitload of money. Mark Cuban founded and made a billion from Broadcast.com sale.
Now you have billionaires who weren’t even founders and were like the 50th person hired in the company (looking at you Chamath).
 
Clubber Lang said:
One Billion in 1999 was a shitload of money. Mark Cuban founded and made a billion from Broadcast.com sale.
Now you have billionaires who weren’t even founders and were like the 50th person hired in the company (looking at you Chamath).
More...

The wealth that was tossed around was incredible back in the late 1990s. How many of those billionaires sold businesses that had no revenue or profit generation model?

FB generated 90 billion dollars last year and 30 billion of profit and its growing at a 20percent rate.
 
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