Tech Stocks Still Aren't Out of the Woods

We are not out of the woods as long as we are hearing about valuations for companies such as Airbnb at $10 billion that aren't being laughed at or scorned upon. When Dropbox is being valued comfortably at $10 billion on the basis of its 200 million users, this market will not be appeased, especially when Box, a rival more centered on enterprise that can easily move into the consumer market, is now being talked about at "only" $3 billion (although I am sure it is higher this red-hot minute).