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I don't think Singapore has any of these tech companies that I'm describing, but it does seem very prevalent in Silicon Valley. Taking a prime example, Snapchat is valued at over $10 billion, yet in 2014 it has lost $128 million on $3 million generated (but just to add a note to this, it only started to generate revenue in October of that year) For a more detailed write up on the 2014 financial statements of Snapchat you can look here. ......Are we back into another tech bubble like the one from 1997-2000? Some tech companies are selling at ridiculous P/E ratios, which is a lot worse when we look at those that are not listed yet. Some of them have not even turned a profit yet are already worth billions, which I think is something that we should, at the very least, be concerned about.
