We've had this conversation before. We're all aware of Fumma's thoughts on the vacuous app-driven culture, but we're a long way from Tech Bubble 2.0. Companies are much better capitalized than before and more importantly they have a much stronger management culture. Will Twitter ever live up to its expectations implied by its market cap, probably not, but I don't think it's going the way of Pets.com either. So while I can envision a scenario where the stock price of tech firms comes down and the resulting wealth effect creates a certain "recession" mindset in the region for a while, I don't see that setting off some sort of chain reaction where people are buying homes a block at a time or Senior Programming Leads using their underwater options as a replacement good for toilet paper.