Member preview

Overfunding floats the tech bubble

Vast investment into companies in hot sectors generates spiraling valuations

By Rana Foroohar

Just a few years ago, Jawbone, the nearly defunct maker of wearable technology, was handing out its brightly colored fitness tracking wristbands like lollipops to VIPs at Davos. Today, it’s selling itself off piece by piece. You could…

This story is for Medium members.

Medium curates expert stories from leading publishers exclusively for members (with no ads!). Register for a free account to begin your member preview.

Already have an account? Sign in.

Join Medium to read this story.

Sign up with a free account to read this ad-free selection curated from Financial Times.
Already have an account? Sign in.