Below are two great articles from the Wall Street Journal and the USAToday!
What if ping-pong tables sales reflected the wellness of the industry!
Silicon Beat notes that one question is on everybody’s mind in the tech world: “Are we in a tech bubble, and when is it going to burst?” Some traditional indicators don’t bode well for Silicon Valley, with a big one being that IPO numbers in the first quarter of this year are at their lowest since the dismal days of 2008. And the Wall Street Journal reports that a far less traditional indicator isn’t too rosy, either: Sales of ping-pong tables are down. Consider these two stats: Sales of tables at Billiard Wholesale in San Jose are down 50% the first three months of this year, and startup funding is down 25% over the same period. “Last year, the quarter was hot,” says the owner, but now “there’s a general slowdown.” Another table seller reports a similar downturn since Christmas.
SAN FRANCISCO—Twitter’s gloomy quarterly report last week unsettled investors. They might have anticipated trouble more than a year ago had they noticed one key indicator.
Until late 2014, Twitter was regularly ordering ping-pong tables from Billiard Wholesale, a store in San Jose, Calif. Then, suddenly, it wasn’t.
See link for complete article.
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