"I'm sure it will be totally different this time..."pic.twitter.com/OjClcALOUv
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SPACs are definitely weird and almost certainly will play a roll in whatever the next crash is. ignoring them though, the "flavor" by which companies are "unprofitable" today seems a bit different than it was for the dot-com boom
back then it seemed like it was companies who just had no idea how to actually convert users into profit, today it seems more like IPOs are making plenty of money, they're just spending it all on growth disclaimer I was a single digit age for the whole dot com boom
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