Tuesday morning news drop
Is this another tech bubble bursting? And should you, a normal person, care? There are lots of parallels: Like the dot-com era, the stock boom, which began in 2009 and then super-sized during the pandemic, has been fueled in large part by very low to nonexistent interest rates, which made investors more interested in companies that promised to deliver outsized returns. And like the dot-com era, we’ve seen plenty of companies promise products and results they can’t deliver, like hydrogen-powered trucks. (ReCode)
A Stock is Not an Index: Here is where things break down between buying an individual company that has declined a lot and buying an index that has declined a lot—there is no guarantee that the individual company will ever recover. Netflix may never get back to its old highs — or it may slowly decline into the graveyard of market history. With an index fund like the S&P 500, this is unlikely to occur. (Of Dollars And Data)
What to Know if You Want to Buy the Stock Market Dip The Federal Reserve is giving the stock market a fright as it ramps up its efforts to control inflation. The volatility may last longer than the past few decades have led investors to expect—but you can still prosper with discipline, patience and courage. (Wall Street Journal)
How Twitter lost the celebs: Elon Musk was right that Twitter’s most popular accounts have gone quieter over the years. Hollywood insiders explain what happened — and why Musk’s ownership might only make it worse. (Washington Post)
The Isolation of Social Media Social media should promote conversation and exchange, yet increasingly it doesn’t. (Harvard Medicine)
Gary Bettman must make the Oilers wear their ‘80s jerseys for the second round Calgary-Edmonton needs to feature the great colors that once punctuated the rivalry (Deadspin)
Anybody Can Dribble a Basketball. But Few Can Do It Like This. Three elite dribblers of the past — God Shammgod, Tim Hardaway and Oscar Robertson — share their secrets, and name their favorites now. (New York Times)
