If tech is going to "change life as we know it," what makes people so convinced that tech valuations are too high right now?
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Replying to @pmarca
@pmarca@paulbaumgart Frivolous and pointless apps? Rome wasn't built in a day. Value is in the eye of the consumer; not the producer.1 reply 0 retweets 1 like -
Replying to @patrickrooney
@patrickrooney@pmarca@paulbaumgart Is this about consumer value of apps or investment value in tech industry? Not directly proportional.1 reply 0 retweets 4 likes -
Replying to @PeterHebly
@PeterHebly@patrickrooney@pmarca Isn't it though? At least on average?1 reply 0 retweets 2 likes -
Replying to @paulbaumgart
@paulbaumgart@patrickrooney@pmarca I don't think so, Paul, but if you could argue the alleged correlation, I'd be interested to listen.1 reply 0 retweets 2 likes -
Replying to @PeterHebly
@PeterHebly Well, tech companies tend to either sell entertainment or convenience, both of which have a long history of being monetizable.4 replies 0 retweets 2 likes
@PeterHebly And be sure to take this chart into account :) http://ycharts.com/companies/FB/revenues …
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