Herbert Gilbert Internet tech writer John Shinal says the bubble of the internet2.0 is about to pop and will be bigger than the first dit.com bubble investing crash of a decade ago. he shows how the decrease for funding of these start-ups, most of which are stupid and have no plan of succeeding, are decreasing especially for the ones valued up to a Billion dollars. More and more investors are seeing that companies such as twitter and Yahoo have no real value and their only survival was dependent on wasting other peoples investing powers. This money is no longer available and is drying up like a well in Qatar.
Shinal knows his shit and is one of the more respected writers in the tech field and our very own Otto Jansen has a poster of this poignant procrastinator of the internet field and scam of the numerous companies out there needing free money and free stuff from angel investor billionaires and stock scammer.
Shinal talks about how the collapse of LinkedIn shares was the start of this new bubble bursting as investors are about to give up supporting this technology field that has done nothing but made teen girls obsessed with their appearances and how they look on a mobile smartphone. Shinel reports how match.com is down, Box(which we just covered) is down, Groupon down 70 percent, Twitter way down, Priceline,com...yes priceline.com that valuable site down, Amazon down, yelp.com down, Facebook down, Alibaba way alibabad out. More and more of these internet companies are losing their prices and being abandoned by professional money managers who are increasingly seeing these internet companies and stocks as the worthless paper as they always were.
Shinel is telling anyone who would listen and calling all his friends telling them to sell sell sell these stupid stocks and get out before this bubble pops and internet 3.0 can start the same process over again for these investors.
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