A decade after Fortune warned about the dangers of overhyping tech IPOs, a similar fervor is returning to the market. The magazine's 2016 cover story highlighted cautionary tales like Lending Club and GoPro, whose initial market excitement quickly faded. Now, companies like SpaceX, OpenAI, and Anthropic are reportedly targeting massive IPOs, with SpaceX already experiencing a significant drop in valuation after its debut. The article advises investors to focus on revenue and patience rather than succumbing to hype. AI
IMPACT Suggests that current AI company IPOs may face similar valuation challenges as past tech bubbles.
RANK_REASON Article is a retrospective opinion piece reflecting on past market trends and applying them to current events.
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