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This Tech Bubble is Different

theodp (442580) writes | more than 3 years ago

Businesses 3

theodp (442580) writes "Tech bubbles happen, writes BW's Ashlee Vance, but we usually gain from the innovation left behind. But this one — driven by social networking — could leave us empty-handed. Math whiz Jeff Hammerbacher provides a good case study. One year out of Harvard, 23-year-old Hammerbacher arrived at Facebook, was given the lofty title of research scientist and put to work analyzing how people used the social networking service. Over the next two years, Hammerbacher assembled a team that built a new class of analytical technology, one which translated insights into people's relationships, tendencies, and desires into precision advertising and higher sales. But something gnawed at him. Hammerbacher looked around Silicon Valley at companies like his own, Google, and Twitter, and saw his peers wasting their talents. 'The best minds of my generation are thinking about how to make people click ads,' he says. 'That sucks.' Silicon Valley historian Christophe Lecuyer agrees: 'It's clear that the new industry that is building around Internet advertising and these other services doesn't create that many jobs. The loss of manufacturing and design knowhow is truly worrisome.'"

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Are you kidding? (1)

jabberwock (10206) | more than 3 years ago | (#35842634)

Look at all the manufacturing and agriculture and infrastructure that go on with Zynga games. I mean, like, wow.

Re:Are you kidding? (1)

ALeader71 (687693) | more than 3 years ago | (#35849202)

Look at all the manufacturing and agriculture and infrastructure that go on with Zynga games. I mean, like, wow.

What about the great frontiers we're conquering in Frontierville?

Losers will lose (1)

i-linux123 (2003962) | more than 3 years ago | (#35842782)

Losers will always lose. Can't we just let the idiots that accept overvaluations lose all their monies and go on like nothing happened? Someone's got something to gain by this tech bubble hype, and it won't be YOU. Just let the losers lose without causing a massive scene and a blow to the tech industry because someone thought those virtual farms composed of some pixels on your screen are worth money, or that those random "like's" on facebook equal to real data mining value. I am aware that what I say here will be lost like a drop of water in the ocean but mark my words; The sensationalist journalists that think "Tech bubble" equates to big headlines, will cause a huge blow to the rest of us in the tech industry. The rest of us that are literate already understand that the overvalued companies aren't really worth that.
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