Silicon Valley mocks Trump over his tech bubble warningSAN 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. “I’m talking about companies that have never made any money, that have a bad concept and that are valued at billions of dollars, so here we go again,” Trump said. Many tech watchers have repeatedly warned of a tech bubble as the number of private companies valued at $1 billion or more - known as unicorns - have soared to 163, according to venture capital research firm CB Insights. So Trump’s declaration, in the eyes of Silicon Valley’s entrepreneurs and venture capitalists, was nothing new. Investors and others took to Twitter to poke fun at Trump’s campaign slogan “Make America Great Again!” by repeating the phrase, “Make Bubbles Great Again.”     “FINALLY someone calls it out,” Marc Andreessen, a general partner at the prominent venture capital firm Andreessen Horowitz, tweeted, mocking Trump. In the interview, Trump said the high valuations that tech start-ups are able to fetch today remind him of 2007, when an overheated housing market helped drive U.S. stocks to unsustainable valuations before the bubble burst. “You have a stock market that is very strange,” the presumptive Republican nominee said. “You look at some of these tech stocks that are so, so weak as a concept and a company, and they’re selling for so much money. And I would have said can that ever happen again? I think that could happen again.” Some startup founders rejected Trump’s generalization that all companies are burning cash and overvalued; certainly many of them are, and in the last several months a correction has started to rectify years of exuberant investments.  Still, other companies continue to raise money successfully and turn profits. “So far he has been saying dumb things but they seem to be getting dumber and dumber,” Vivek Wadhwa, an entrepreneur and Stanford University fellow, told Reuters. “I was going to tweet (the comments) while calling Peter Thiel and saying, ‘Here is your buddy.’” Thiel, an influential investor well-known for his contrarian ideas, is one of the few Silicon Valley leaders to openly support Trump. Thiel was not immediately available for comment. “There is nothing in his (Trump’s) track record to show that he has been out here and met with any technology leaders and knows this industry and knows about innovation,” said Aaron Ginn, co-founder of the Lincoln Initiative, a community that promotes libertarian and technology-friendly values.  Which is ironic, Ginn said, given how much technology - especially Twitter - has helped Trump’s campaign. “He says things and does things that are made for entertainment,” Ginn said. Read more on our interview with Trump here politicsNews
silicon valley mocks trump tech bubble warnings francisco reuters republican presidential candidate donald trump tuesday warned dangerous financial bubble formed technology industry silicon valley responded collective eye roll in reuters interview new york billionaire said technology never earned profit able sell shares high prices linking situation overhead stock market i talking companies never made money bad concept valued billions dollars go trump said many tech watchers repeatedly warned tech bubble number private companies valued billion known unicorn soared according venture capital research firm cb insights so trump declaration eyes silicon valley entrepreneurs venture capitalists nothing new investors others took twitter poke fun trump campaign slogan make america great again repeating phrase make bubbles great finally someone calls marc andreessen general partner prominent venture capital firm andreessen horowitz tweeted mocking trump in interview trump said high valuations tech able fetch today remind overhead housing market helped drive stocks unsustainable valuations bubble burst you stock market strange presumptive republican nominee said you look tech stocks weak concept company selling much money and i would said ever happen i think could happen some startup founders rejected trump generalization companies burning cash overhauled certainly many last several months correction started rectify years exuberant investments still companies continue raise money successfully turn profits so far saying dumb things seem getting number number vive wadhwa entrepreneur stanford university fellow told reuters i going tweet comments calling peter thief saying here thief influential investor contrarian ideas one silicon valley leaders openly support trump thief immediately available comment there nothing trump track record show met technology leaders knows industry knows innovation said aaron inn lincoln initiative community promotes libertarian values which ironic inn said given much technology especially twitter helped trump campaign he says things things made entertainment inn said read interview trump politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Silicon Valley mocks Trump over his tech bubble warningSAN 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. “I’m talking about companies that have never made any money, that have a bad concept and that are valued at billions of dollars, so here we go again,” Trump said. Many tech watchers have repeatedly warned of a tech bubble as the number of private companies valued at $1 billion or more - known as unicorns - have soared to 163, according to venture capital research firm CB Insights. So Trump’s declaration, in the eyes of Silicon Valley’s entrepreneurs and venture capitalists, was nothing new. Investors and others took to Twitter to poke fun at Trump’s campaign slogan “Make America Great Again!” by repeating the phrase, “Make Bubbles Great Again.”     “FINALLY someone calls it out,” Marc Andreessen, a general partner at the prominent venture capital firm Andreessen Horowitz, tweeted, mocking Trump. In the interview, Trump said the high valuations that tech start-ups are able to fetch today remind him of 2007, when an overheated housing market helped drive U.S. stocks to unsustainable valuations before the bubble burst. “You have a stock market that is very strange,” the presumptive Republican nominee said. “You look at some of these tech stocks that are so, so weak as a concept and a company, and they’re selling for so much money. And I would have said can that ever happen again? I think that could happen again.” Some startup founders rejected Trump’s generalization that all companies are burning cash and overvalued; certainly many of them are, and in the last several months a correction has started to rectify years of exuberant investments.  Still, other companies continue to raise money successfully and turn profits. “So far he has been saying dumb things but they seem to be getting dumber and dumber,” Vivek Wadhwa, an entrepreneur and Stanford University fellow, told Reuters. “I was going to tweet (the comments) while calling Peter Thiel and saying, ‘Here is your buddy.’” Thiel, an influential investor well-known for his contrarian ideas, is one of the few Silicon Valley leaders to openly support Trump. Thiel was not immediately available for comment. “There is nothing in his (Trump’s) track record to show that he has been out here and met with any technology leaders and knows this industry and knows about innovation,” said Aaron Ginn, co-founder of the Lincoln Initiative, a community that promotes libertarian and technology-friendly values.  Which is ironic, Ginn said, given how much technology - especially Twitter - has helped Trump’s campaign. “He says things and does things that are made for entertainment,” Ginn said. Read more on our interview with Trump here politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: silicon valley mocks trump tech bubble warnings francisco reuters republican presidential candidate donald trump tuesday warned dangerous financial bubble formed technology industry silicon valley responded collective eye roll in reuters interview new york billionaire said technology never earned profit able sell shares high prices linking situation overhead stock market i talking companies never made money bad concept valued billions dollars go trump said many tech watchers repeatedly warned tech bubble number private companies valued billion known unicorn soared according venture capital research firm cb insights so trump declaration eyes silicon valley entrepreneurs venture capitalists nothing new investors others took twitter poke fun trump campaign slogan make america great again repeating phrase make bubbles great finally someone calls marc andreessen general partner prominent venture capital firm andreessen horowitz tweeted mocking trump in interview trump said high valuations tech able fetch today remind overhead housing market helped drive stocks unsustainable valuations bubble burst you stock market strange presumptive republican nominee said you look tech stocks weak concept company selling much money and i would said ever happen i think could happen some startup founders rejected trump generalization companies burning cash overhauled certainly many last several months correction started rectify years exuberant investments still companies continue raise money successfully turn profits so far saying dumb things seem getting number number vive wadhwa entrepreneur stanford university fellow told reuters i going tweet comments calling peter thief saying here thief influential investor contrarian ideas one silicon valley leaders openly support trump thief immediately available comment there nothing trump track record show met technology leaders knows industry knows innovation said aaron inn lincoln initiative community promotes libertarian values which ironic inn said given much technology especially twitter helped trump campaign he says things things made entertainment inn said read interview trump politicsnews