Threadguy reveals that the NASDAQ was 4x more expensive during the dotcom bubble than today “Nasdaq was trading at a 103x PE during the dotcom bubble. At today’s price, it’s trading at 24.8x PE. The entire NASDAQ could do a 4x right now with zero revenue growth and still be lower than the mania we were at in 2001” “The cleanest explanation is that these companies weren’t real, they were not making any money. They spent all their money on domains and Super Bowl commercials”
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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