Are Twitter, Uber and Snapchat Overvalued?

Tony asks Gary what are your thoughts about people that say companies like Twitter Uber and Snapchat are way overvalued in the market Tony what's really interesting about this question is I am one of those people I grew up in the late and mid 2000s into the 2010s 11s 12 13 thinking a lot of things were overvalued I thought we were in a little bit of a bubble in 2010 11 I've been proven to be extremely wrong what I would tell you is that inflation happens I mean like that the world changes like I'm starting to wrap my head around the notion of wait a minute maybe these things are undervalued because you know the value of a $100 million company just 15 20 30 years ago was far grander and wealth just continues to exponentially grow and so you know I would say that it's a double-edged short there'll be plenty of things overvalued tons but if something is proven to have won and you think is the future of infrastructure allaha and Uber where you can clearly see them getting into FedEx and UPS's and other places you know plenty of people have lost a lot of money by thinking things were overpriced and I want you to listen to that backwards one more time and so rewind it whether you're listening or watching you know a lot of people have lost a lot of money by thinking things have been overvalued and of course there's the Ying to that Yang and people have lost in betting on overvalued things but when things hit scale Amazon and eBay in the early days of the internet where people thought they were overvalued but the world caught up to them be careful if the world is catching up to something what I mean by that is if you start watching normal people doing things on some of these platforms you're going to see a scale jump and so you are they overvalued if there's a crash in the market right or a terac in a major city can it be overvalued of course but is that temporary is the real question and when I say temporary don't misunderstand me is it overvalued and it'll go down for a year but then go back up because they're living in the future while other things are not oh crap wait subscribe I need subscriptions because I can't push this many right hooks in Social so subscribe