• Visitors Now:
  • Total Visits:
  • Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Silicon Valley: From Rarified Air To Exhaust Fumes

Tuesday, March 21, 2017 4:00
% of readers think this story is Fact. Add your two cents.
0

zerohedge.com / by Mark St.Cyr / Mar 20, 2017 6:15 PM

As we sit here today the IPO that was supposed to prove that the dream of “its different this time” were still alive-and-well, has shown it is anything but. The real crush for the “crushing it” crowd is this – the reality that proves that the party is over came from both a business and service whose main product did nothing more than augment reality as to add cartoon features to pictures then disappear into the ether. And this you were told was why it should be worth 10s of $BILLIONS of dollars in market cap.

As inane as that was, what became all too surreal was when this concept was applied to its S-1 where the reality of its business plan appeared to be nothing more than a “pig in lipstick” matching its core product features.

And “The Valley” along with the entire tech world in general not only believed it, but argued that this business was worth those $10’s of BILLIONS of dollars even though the company itself stated in its own business plan that not only was it not profitable – it may never be.

Sounds logical only if you live in the augmented business view of “The Valley.” Too the rest of us in the real business world? It’s crazy talk. Plain, and simple.

READ MORE

The post Silicon Valley: From Rarified Air To Exhaust Fumes appeared first on Silver For The People.



Source:
Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Today's Top Stories

Most Recent Stories

Register

Newsletter

Email this story
Email this story
Share This Story:
Print this story
Email this story
Digg
Reddit
StumbleUpon
Share on Tumblr
GET ALERTS:

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.