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Today’s Tech Stocks – Reminiscence of Dot-Com Bubble?
By Dollar Triumph  •  October 4, 2020
Twenty years after the Dot-Com Bubble, it seems that market analyst are calling the recent rise in technology stocks the new “bubble.” Critics who are labelling it as a bubble cited evidence that these tech companies have yet to turn profitable while Software as a Service (SaaS) companies are still making losses while capturing market shares etc. To begin, let us take a trip down memory lane to see how the Dot-Com Bubble unfolded: Also known by many as the tech bubble or internet bubble, the Dot-Com Bubble was essentially a stock market bubble caused by excessive speculation in internet-related companies back in the 1990s. This was during a time where massive adoption and usage of the internet started taking place in society. The 1,000 percent decade-long Nasdaq rally was fuelled by low interest rates and a rush to invest in the emerging internet industry, often at any cost (sounds familiar to what we are seeing today?)...
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By Dollar Triumph
DollarTriumph is the brainchild of a mid 20s, Singaporean male who decided that documenting his adulting experience would be a good idea as he embarks on the journey to become financially free before 45 and have the financial freedom to pursue experiences outside of the corporate world.
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