After a week of reporting and writing on booms and busts—everything from the economy of big oil boomtowns to the growth of the mental-health counseling field—Jamie Wiebe considers five of the biggest booms—and five of the biggest busts—of the past year.
WhatsApp, Oculus, Instagram, Tumblr: These are just some of the technology companies recently valued at $1 billion or more. Whether we’re in a start-up bubble or not nobody can agree on, but one thing is certain: We have no idea what the future looks like, and an investment today could result in huge profits tomorrow.
Silicon Valley and Chesapeake Energy face the same problem: the cost of extraction. The technology industry needs to get smarter about workforce development, and fast.