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Bubble frenzy
By Dave Winer on Saturday, May 19, 2012 at 7:26 AM.
Okay yesterday was Facebook IPO day. How many times did you hear about it. What new information was added each time you heard. Why do we obsess so much about it. Did anything really happen? Blah blah blah. Yadda yadda yadda. permalink
But it does have a real impact on our lives. I realized it yesterday after a meeting, where I ran into a bright dude, a real up and comer. He's smart. Has worked at some prestigious places. He just joined a startup.  permalink
He had been asking me questions via email about something I was working on. But I had already written docs that covered the questions he asked. Finally, meeting face to face, he asked the same questions. I asked why he couldn't put a few minutes into reading the docs. Then I realized, before he could answer -- which was good, because he was already gone -- no one is paying attention. permalink
A picture named chairs.gifI'm sure he'll read this, which is funny in a way. I don't mean anything personal. This is what bubbles do to us. Even if you're not going to hit the jackpot, all that money floating around still makes it hard to focus on things that take time. Rush. It's a game of musical chairs. The music will stop and you won't have a place to sit. It's all the more dangerous today because the employment situation, outside the bubble, is bleak. (Originally I said it's bleak for young people, but it's also true for people my age. No one is offering me any jobs. It's lucky I have savings.) permalink
I don't have any answers. I know it's hard to listen. But I feel these days like we all have our own gigs, and we're fighting for attention, because attention is where the money is, but none of us have any attention to give. Desperate. Flailing. I find myself wishing there were more people I could bounce ideas off, but there isn't much bounce these days.  permalink
So I think for most of us, the Facebook IPO is a transition, maybe to something better. A peak. It sure isn't making us rich. And it's not giving us much to hope either.  permalink
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