For all the young people - you can find near exact clone copies of this comment every day, every month, from the last 20 years. Different poster each time, different company name each time, always the same great doom and gloom predictions. They're even remotely correct maybe 0.01% of the time. Heck, half of the time lately they're not even authentic people posting their thoughts, often they're foreign agents using the internet and anonymous communication to intentionally spread fear, uncertainty, and doubt about a rival country's economy, to weaken it.

We had the dot com crash around 2000. Tons of companies died, but plenty of that infrastructure was still used, we built better internet connections across the country etc, that was good later. But so many companies died like pets.com. The investors in those companies lost a lot - and also, a book company survived and became one of the most valuable companies and a tech leader - I'm talking about amazon.

So some of these companies will surivive but a ton will die or at the very least their investors will lose a lot of money.

Did those predictions involve companies investing in eachother in a circular manner? i only remember similar rethoric in retrospect about repeatedly repackaged and resold debt in retrospectives about 2008 but those weren't wrong.

My favorite thing right now is watching people repeat the same stuff I heard about the internet as a teenager about AI.

What companies was this said about?