Technology
Attention Web 2.0 Start-Ups: Party May Be Ending
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From Internet Outsider
Who says Wall Street firms are always bullish? According to Reuters, Merrill Lynch published a report today suggesting that housing market woes could drag the economy into a recession and that, if it does, investors can expect a drop in the S&P 500 of at least 30% from the peak. Even if there is no recession, and the market just does a head-fake, we should expect a drop of about 20%.
How will a public-market stumble affect Web 2.0 start-ups? The same way the market crash in the fall of 2000 did, albeit to a lesser extent:
In short, being a Web 2.0 entrepreneur or employee may soon get more difficult and less fun. Hit the bids while you can!
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