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April 13, 2012
New Tech Bust Coming, Says InfoWorld
Facebook's deal to buy Instagram — "a startup with 13 employees" — for $1 billion is a sign that a new tech bubble is fixin' to burst, advises Bill Snyder on an InfoWorld blog. That's a truly frightening prediction, considering the harm the tech bubble of the '90s did when it popped. "...the last time we saw this pattern, the entire tech economy blew up along with the dot-coms, and thousands of people in IT (and elsewhere) lost their jobs. It's going to happen again," Snyder warns. 

"(and elsewhere)" can well include PR firms. So batten down the hatches for a new tech strom that increasing numbers of commentators feel is coming. Sorry to spoil your weekends. 

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Doug Bedell has a background in journalism and PR and is the owner of Resource Relations LLC in Central PA, focusing on organizational and crisis communication. He’s the community manager of SimplyFair.net, a social network on fairness. On the Web, Doug’s at www.ResourceRelations.com. On Twitter, he’s @DougBeetle.
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