I keep seeing articles like this but does anyone actually think we're not in a bubble?
From what I've seen these companies acknowledge it's a bubble and that they're overspending without a way to make the money back. They're doing it because they have the money and feel it's worth the risk in case it pays off. If they don't spend, another company does, and it hits big they will be left behind. This is at least insurance against other companies beating them.
From what I've seen these companies acknowledge it's a bubble and that they're overspending without a way to make the money back. They're doing it because they have the money and feel it's worth the risk in case it pays off. If they don't spend, another company does, and it hits big they will be left behind. This is at least insurance against other companies beating them.