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Is There a Valuation Bubble for Social Media Companies (and if so, is it Bursting)?

Pascal's View

Capital Markets Advisory Partners cleaves the demand for pre-public VC-backed equities into two worlds: “Demand Pull (Buzz) and Supply Push (No Buzz) companies. … We have a stock market that works for one kind of buzzy (Demand Pull) stock but is a disaster for the rest of the economy.