• Have the tech giants finally had their bubble burst? I'd hate to speculate | John Naughton

    1 day ago - By The Guardian

    For the first time in the technology industry's history, combined real revenue growth is negative rather than positive and some corporations may yet be facing an existential decline A speculative bubble, wrote Nobel laureate Robert Shiller in Irrational Exuberance , his landmark book on human foolishness, is “a situation in which news of price increases spurs investor enthusiasm, which spreads by psychological contagion from person to person, in the process amplifying stories that might justify the price increases and bringing in a larger and larger class of investors, who, despite doubts...
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