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Sorry John you are wrong. Zynga, Twitter, Groupon do you need more? Twitter is a feature masquerading as a business. Groupon is insolvent and Zynga is so reli
by efader 15y ago
Sorry John you are wrong. Zynga, Twitter, Groupon do you need more? Twitter is a feature masquerading as a business. Groupon is insolvent and Zynga is so reliant on Facebook that it is detrimental to their business.
- glimcat 15y agoThree data points isn't much of a trend.
- efader 15y agoAdd in color, MySpace short sale, Zillow IPO, Linkedin IPO, Pandora IPO, Zipcar IPO Want more?
- badclient 15y agoAlmost all these IPOs are backed by solid revenues. And almost in all cases, the companies have been around for 5-10 years - very much unlike the IPOs of the last bubble. That fact alone makes this very different from late 90s. So while there may be a bubble "technically", that's not saying much. A better question would be: how bad of a bubble is it? In my opinion, not terribly bad and almost nothing like the last one. MySpace short sale is evidence of how this is NOT a huge bubble. In a bubble, it would go for billions. Also to date, I don't believe any party has sold myspace for a net loss. News Corp may have sold it in a short sale, but they did so after making hundreds of millions in ad rev from it.