The Not-Com Bubble Is Popping

Derek Thompson
The Not-Com Bubble Is Popping

It is easy to look at today’s crop of sinking IPOs—like Uber, Lyft, and Peloton—or scuttled public offerings, like WeWork, and see an eerie resemblance to the dot-com bubble that popped in 2000. Both then and now, the valuations of once-heralded tech enterprises were halved in a matter of weeks. In fact, it might be more accurate to say that what’s happening today is the very opposite of the dot-com bubble.