The Insularity of Silicon Valley
Tom Tunguz
JUNE 26, 2014
Earlier this week, the Commerce Department announced US GDP in Q1 2014 fell by 3% , the most in a quarter since the recession. I’ve linked to the WSJ’s chart depicting the trend above. The decline was 3x greater than forecasted. Silicon Valley seems unfazed. As I wrote about earlier this year, we’ve seen a decline in the public markets of about 25% in consumer stocks and 45% in enterprise stocks.
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