The amount of money already spent kind of creates it's own gravity to keep this bubble from popping.
I get the idea of excessive gravity preventing popping, but as I read your comment I instantly got an image of a black hole; implosion.
Good point! These tech companies now days have so much runway especially when they stay private. It's like reality doesn't matter.
That's the spent cost fallacy
That's what people said of other bubbles before they burst ... notably the dot-com bubble.
Venture capitalists are well aware of the sunk-cost fallacy. They'll be the ones pulling the plugs and, I suspect, very soon now.
The amount of money already spent kind of creates it's own gravity to keep this bubble from popping.
I get the idea of excessive gravity preventing popping, but as I read your comment I instantly got an image of a black hole; implosion.
Good point! These tech companies now days have so much runway especially when they stay private. It's like reality doesn't matter.
That's the spent cost fallacy
That's what people said of other bubbles before they burst ... notably the dot-com bubble.
Venture capitalists are well aware of the sunk-cost fallacy. They'll be the ones pulling the plugs and, I suspect, very soon now.