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.If not, then there is no bubble. 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 remotely 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.Repeat, there is no bubble.