Silicon Valley mocks Trump over his tech bubble warning


  • World
  • Wednesday, 18 May 2016

Republican U.S. presidential candidate Donald Trump poses for a photo after an interview with Reuters in his office in Trump Tower, in the Manhattan borough of New York City, May 17, 2016. REUTERS/Lucas Jackson

SAN FRANCISCO (Reuters) - Republican presidential candidate Donald Trump on Tuesday warned that a dangerous financial bubble has formed in the technology industry - and Silicon Valley responded with a collective eye roll.

In a Reuters interview, the New York billionaire said technology start-ups that had never earned a profit were able to sell shares at very high prices, likening the situation to the overheated stock market in 2007.

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