Hacker News Reader

it could have a massive effect on tech valuations in general. so from a real economy perspective you may be right, but the stock market and VC market might start to see this as an event to re-evaluate everything.

View on HN

An event they would entirely deserve, if that's the case.

And it would be a gain for the society, too - because currently it seems the more absurd a valuation is, the more there is something wrong with a company - either it's doing useless crap, antisocial crap, or behaving immorally while doing something potentially useful.

I would love to see the valuations go down, to reduce the incentives for smart people to grow harmful businesses.

"...but the stock market and VC market might start to see this as an event to re-evaluate everything"

You are saying it as it is a bad thing.

Reply on news.ycombinator.com