We’re In The Middle Of A Terrible Blubble
Name a company in this "bubble" that has wasted $100 Million dollars like Boo.com or pets.com or $50 Million like flooz without producing even 1% of that in revenue.<p>If not, then there is <i>no bubble</i>. Facebook makes in the ballpark, if not close to, two billion dollars in revenue a year. Hell, even Groupon would be a better buy today than, say, hotmail was, and Groupon got offered 2x the price to be acquired and turned it down. The only thing even <i>remotely</i> close to the bubble of old would be Twitter, and they have 200 million users. Name one service during the dot-com era with anything approaching that number. During dot-com bubble, AOL had the most that I can recall, and their peak was something like 26 million or so.<p>Repeat, there is no bubble.