The potential for a significant washout in neoclouds is a reasonable assessment, said Max Frumes, global head of distressed and leveraged finance at 9fin, a fintech corporate credit data and analytics company.
“We’ve seen it with the internet bubble, seen it with telecoms,” Frumes said. “There are these new technologies, and a lot more companies than are going to survive step in or are created to take advantage of that technology. Then the bubble pops.”
