Snap Inc.’s IPO Shows The Signs of a Tech Bubble

If it wasn’t clear until now that there is a bubble in the tech industry, it is very clear now. Snap Inc.’s shares soared in its initial public offering by almost 50 per cent. This is crazy stuff from a company that Mark Zuckerberg is increasingly trying to emulate with its disappearing messages feature. The only thing that is uncertain is what will happen to this bubble. Will it deflate gradually or burst suddenly? It’s impossible to know but I guess that it will be on a downward trajectory of some kind at some point anyhow. Markets will be markets but what will be more interesting is how Snap Inc.’s hope of growing and changing the company will play out.

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What Trump Only Cares About

Trump only cares about his base of supporters when he carries out his actions or speaks or tweets. He doesn’t care about anyone else. He expects to get enough votes from non-decided voters in swing states in 2020. He just wants to get re-elected in four years.

Britain’s Hard Brexit Will be a Disaster

With a hard Brexit, Britain is shooting itself in both feet and then trying to dribble like Messi.

Poem: What Next for The World?

What next for the world,

What next for us?

What next for the world,

Is it written on a bus?

What next for the world,

What next for the good?

What next for the bad,

What will happen –

What should?

Could,

Would,

Be,

Is it time for us to live the future free?

The Effect of Technology on Future Employment

The effect of technology on future employment, as highlighted by business leaders at Davos, is profound. More and more software, computers and robots will be replacing human workers, and some of it has already happened (think the lack of as many human cashiers in supermarkets).

One answer to the increased joblessness and lack of expendable income is a “spending wage” for citizens for doing no work at all. This would stimulate the economy by allowing people to purchase consumer goods, though it may not solve the self-esteem issue of people not feeling that they have a purpose in life, or that they at least have a diminished purpose in life.

Why Ireland is so Popular for Multinationals

Forget what people have said about multinational corporations coming to Ireland only in order to pay our very low tax rate. It’s hogwash. Those companies could go to many, many different countries to avail of low taxes. The real reasons why they have chosen Ireland as their destination is because Ireland is geographically close to the Europe, it is a member of the EU, it has a highly qualified, skilled workforce, its people speak fluent English, it doesn’t have a lot of red tape so it’s fast and easy to set up shop there, it’s a peaceful country so it’s very stable, politically it is also very stable and that doesn’t look like changing. Having a low tax environment is quite helpful for the company to maximise its profits also, but it’s nowhere near the be-all and end-all.

We can be very cynical and negative and display all the signs of an inferiority complex when it comes to evaluating our country, but Ireland’s success is justified only partly by happenstance (such as the fact that we speak English), and partly by visionary planning by the IDA (where they decades ago to focus on technology and pharmaceuticals as two growth industries the IDA should attempt to woo in order to get a lot of investment into the country).

Ireland has been a success story in many ways, and it’s healthy to celebrate that. It may be a relatively small island with a small population, but – to use the cliché – it really does punch above its weight. Most multinationals investing in Ireland are, of course, American, and perhaps there is something to the fact that Irish people make up a proportion of the US population, so they may go with a country for the European market whose culture they understand.