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{{for|the media effect|filter bubble}}<ref name=":1" />
The '''social media bubble''' is a hypothesis stating that there was a speculative [[boom and bust]] phenomenon in the field of [[social media]] in the 2010s, particularly in the United States. ''[[The Wall Street Journal]]'' defined a bubble as stocks "priced above a level that can be justified by economic fundamentals,"<ref>{{Cite web|url=https://www.forbes.com/sites/stevehanke/2018/02/05/wall-street-correction-yes-bubble-no/|title=Wall Street Correction, Yes -- Bubble, No|last=Hanke|first=Steve|website=Forbes|language=en|access-date=2019-04-26}}</ref> but this bubble includes social media. Social networking services (SNS) have seen huge growth since 2006, but some investors believed around 2014-2015 that the "bubble" was similar to the [[dot-com bubble]] of the late 1990s and early 2000s.
In 2015, [[Mark Cuban]], owner of the [[Dallas Mavericks]] NBA team and star of the TV show, ''[[Shark Tank]],'' sounded an alarm on his personal blog over the social media bubble, calling it worse than the tech bubble in 2000 due to the lack of liquidity in social media stocks.<ref name=":1">{{Cite web|url=http://blogmaverick.com/2015/03/04/why-this-tech-bubble-is-worse-than-the-tech-bubble-of-2000/|title=Why This Tech Bubble is Worse Than the Tech Bubble of 2000 {{!}} blog maverick|language=en|access-date=2019-04-26}}</ref> A year prior, however, Cuban told [[CNBC]] that he did not believe social media stocks were on the verge of a bubble.<ref>{{Cite web|url=https://www.cnbc.com/2014/07/25/i-dont-see-bubble-in-social-media-stocks-cuban.html|title=I don't see bubble in social media stocks: Cuban|last=Belvedere|first=Matthew J.|date=2014-07-25|website=www.cnbc.com|access-date=2019-04-26}}</ref> In a letter to investors in 2014, [[David Einhorn (hedge fund manager)|David Einhorn]], who runs the hedge-fund [[Greenlight Capital]], wrote that "we are witnessing our second tech bubble in 15 years."<ref name=":0">{{Cite web|url=https://www.businessinsider.com/einhorn-sees-tech-bubble-2014-4|title=DAVID EINHORN: 'We Are Witnessing Our Second Tech Bubble In 15 Years'|last=Roche|first=Julia La|website=Business Insider|access-date=2019-04-26}}</ref> He went on to write, "What is uncertain is how much further the bubble can expand, and what might pop it." Einhorn cited several factors supporting the existence an over-exuberance including "rejection of conventional valuation methods" and "huge first day IPO pops for companies that have done little more than use the right buzzwords and attract the right venture capital."<ref name=":0" />
Since those claims, services like [[Facebook]], [[Twitter]], [[Instagram]], and [[Snapchat]] have grown to become multi-billion-dollar corporations generating enormous revenues,<ref>{{Cite web|url=https://www.forbes.com/sites/jjkinahan/2019/04/22/twitter-and-facebook-social-media-takes-the-earnings-stage/|title=Twitter And Facebook: Social Media Takes The Earnings Stage|last=Kinahan|first=J. J.|website=Forbes|language=en|access-date=2019-04-26}}</ref> though some continue to lose money.<ref>{{Cite web|url=https://www.fool.com/investing/2019/02/06/snap-is-still-losing-a-ton-of-money.aspx|title=Snap Is Still Losing a Ton of Money -|last=Green|first=Timothy|date=2019-02-06|website=The Motley Fool|language=en|access-date=2019-04-26}}</ref>
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