“If you don’t have a ping-pong table, you’re not a tech company.”

Decline in ping pong table sales correlates with possible tech bubble pop

#Companies

Thu, May 5th, 2016 11:00 by capnasty NEWS

According to the Wall Street Journal, playing ping pong tennis at work is a sacrosant activity of those employed in the tech sector. And while the sport provides a much needed mental break, the decline in the sales of ping pong tables correlates to how badly Silicon Valley is doing.

In February, when the Nasdaq index fell to its lowest in over a year, [Mr. Ng] says he sold the fewest ping-pong tables to companies since he started keeping track in 2014. That tech-heavy index includes many more-established companies.

Yahoo? “They haven’t bought stuff in a looong time,” he says, pulling up a picture of a purple foosball table, the last piece he sold to the company. (Yahoo Inc. has been hard hit by shrinking revenue.)

Intel? It stopped buying over a year ago, he says. (Intel Corp. announced 12,000 job cuts last month.)

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