Are we living in a tech bubble?

Yes, we are currently living in a tech bubble a bubble which can burst any time and can be very dangerous for many tech companies like Snapchat, Instagram, etc. Now-a-days many new startups and companies are emerging in the market competing with the old ones and making them shut down their business just like what Netflix did to Blockbuster.

But have you ever imagined your life without apps like Netflix, Snapchat, Instagram, Facebook, etc. Actually, no you can’t imagine your life without these apps as they have become an integral part of our life’s. 

What if I told you that all these apps could get vanished​ in just a year or so, well actually they can, as I have told you that we have been living in a tech bubble since many years and now according to many reports the time has come for the tech bubble to burst.

We have seen the dot com boom which lasted for around 6 years between 1995 – 2001, the tech bubble is kind of a same thing like the dot com boom. This tech bubble will majorly affect the companies that are not making any revenue, but are highly evaluated because of the investors money.

Some of the companies that are likely to get affected are Snapchat, Instagram, Pinterest, Uber and LinkedIn.

 

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Author: Bhumik Grover

Tech enthusiast, Introvert, Editor and Owner at technomagzn.com.

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