Many who are just now getting involved in the marijuana industry will find it as hard to pick winners as it was for investors leading up to
the dotcom tech bubble.
In late 2017 and early 2018, many speculative cryptocurrencies were listing at a significant premium to their ICO price; similar to up - and - coming internet stocks at the height of
the dotcom tech bubble.
Not exact matches
Like
tech stocks after the
dotcom bubble, it may take a while for financial stocks to regain their luster.
With the Nasdaq finally surpassing its
dotcom peak on Friday, worries about a return to the
tech bubble are back in focus.
During the
dotcom bubble of the late 1990s, dozens of
tech startups emerged that had no viable business plans, no products or services ready to bring to market, and in many cases nothing more than a name (usually something
tech - sounding with «com» or «net» as a suffix).
Some are calling this mountain of debt «the mother of all
bubbles,» and we all remember how the last two
bubbles ended, in 2000 (the
tech or
dotcom bubble) and 2007 (the housing
bubble).
That's a key difference compared with the
dotcom bubble in 1999 - 2000, when
tech valuations blew through the roof more on hope and promises than actual earnings prospects.
The pattern echoes the
tech bubble of the late 1990s in which companies would add «
dotcom» to the end of their names.