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Meanwhile, Zynga raises $500 Million from T. Rowe Price, Fidelity and Morgan Stanley. With 401k money from ordinary folks. Compared to the hundreds of billions
by sabat 16y ago
Meanwhile, Zynga raises $500 Million from T. Rowe Price, Fidelity and Morgan Stanley. With 401k money from ordinary folks.
Compared to the hundreds of billions in the mortgage market, $500 million is chump change. That's why this "bubble" -- whether it exists in reality or only in the minds of HN commenters -- doesn't matter to the economy at large.
I am increasingly astonished at the lack of perspective among those who are concerned about a new "bubble".