Is There a Valuation Bubble for Social Media Companies (and if so, is it Bursting)?
Pascal's View
AUGUST 21, 2011
For me Bubble will always be inexorably linked to what went down in 1999 and 2000 in the internet sector. Because over 70% of daily trading activity is driven by rapid turnover funds, public market valuations at any given point in time are even less indicative of fundamental enterprise value than they ever have been. It is intentional.
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