GigaOM: Silicon Valley Should Be Worried

GigaOM has a bleak report about the state of Silicon Valley—just the thing for a cheery Monday morning. “At the turn of the century, everything went to hell with the dot-com bust,” the report said. “Then the pendulum started to swing the other way; the pessimism that once reigned supreme was being replaced by wild-eyed optimism. Now Silicon Valley is in for a long-overdue reality check, one that should worry one and all. Why? Because the news coming out of advertising-focused companies is not good.”