Is There a Valuation Bubble for Social Media Companies (and if so, is it Bursting)?
Pascal's View
AUGUST 21, 2011
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 also now evident that these inflated valuations have not proven to be sustainable in the public markets.
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