Comment by gvb

The foundation is immense "VC" funds that are throwing money at (often "unicorn") businesses that are using the money to grow their currently unprofitable businesses. The premise is that, once they are big enough to drive all the competing businesses out of business, they will be able to transition to being profitable.

The poster child of these "VC" funds is Softbank.

The foundation is crumbling. https://www.cnn.com/2020/05/18/tech/softbank-earnings-intl-h...

When these companies collapse, the investment funding them will have to write down the losses the "unicorns" have built up, and there will be a lot of investors that will be sharing in that hurt.