Sep. 8 at 2:06 AM
$SPY Such a waste of time to compare the dot com bubble to now, that was 26 yes, "Twenty Six" years ago. The #1 driver of the dotcom bubble was speculation: stock prices skyrocketed overnight just by adding ".com" to a company name, even if the business had zero revenue.
These startups spent millions on Super Bowl and NFL ads to chase website traffic instead of actual profits. The bubble inevitably burst when the money dried up, forcing investors to realize that hype couldn't hide lack of revenue and profit.
That is not what's happening right now, there may have been a few companies that rallied for a few days because they mentioned AI (like
$BIRD) but it didn't last as long as stocks rallied during the dotcom bubble...