2 ms·
absurd valuations based purely on audience size with little revenue (Twitter and Facebook) sure as heck is a bubble. That's not a bubble; that is just overvalu
by sabat 16y ago
absurd valuations based purely on audience size with little revenue (Twitter and Facebook) sure as heck is a bubble.
That's not a bubble; that is just overvaluation of a couple of companies. "Bubble" implies that the whole of a sector is wildly overvalued. "Selective bubble" is an oxymoron.
- dstein 16y agoA bubble can describe anything that trades significantly above its net asset value. Investors are overvaluing (in the billions) tech companies with no revenue or business model. The bubble just isn't industry-wide yet.