New York’s tech bubble may have been the biggest in America, but the New York Times reported that it’s not the biggest bubble in the world.
The paper said that it was the second largest bubble in North America, behind Silicon Valley.
The paper noted that it had not identified any other tech bubble that was bigger in the United States.
“The New York bubble, by contrast, is probably the largest in the U.S., at about $5 trillion, and may be the largest bubble on the planet,” the Times reported.
The New York city area has seen a surge in demand for tech startups, especially for things like mobile apps, and has a population of about 9 million people.
In its report, the Times cited a new report by venture capital firm Benchmark Capital and noted that its report did not include the region’s largest tech companies.
The report found that the New Jersey-based technology firm, which has $8 billion in revenue and employs about 50 people, had seen its revenues increase by nearly $4 billion.
Benchmark said that “its valuation is well above its current market capitalization of about $1.8 billion.”
The Times also cited a study by the Boston Consulting Group that said that there were more than 7,000 tech startups in New York City, compared with just 2,000 in the city.
“We’re not going to be able to measure the success of all these new companies and how they’re doing in terms of revenue or in terms the number of employees that they have,” said Matt Rieger, CEO of the New Yorks-based software firm, Riegers Software.
“But the number is going to grow.
That’s why I think there’s a need for a new data set that captures that.”
Rieger said that he hoped that the data set could be used to determine how many companies are going to “hype the city and the economy.”
The New York Times reported the following about the bubble:The paper’s report came amid a renewed focus on tech companies in the wake of the Trump administration’s crackdown on the use of federal funding to support new companies.