alt Hacker NewsIn reality just like every major market runup there's gonna be a consolidation of the industry and inevitably it will cause many companies to fail and critics will point to that and go "see it was a bubble!" while completely ignoring the several dozen new companies that will rise out of it. It's the 90s all over again.
> critics will point to that and go "see it was a bubble!" while completely ignoring the several dozen new companies that will rise out of it.
That several dozen new companies came out of it has nothing to do with whether or not it was a bubble. It was, and the effects of it popping were bad (including the effect that its popping led to consolidation). Nobody should want a repeat of that.