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21 July 2011, 10:16 AM | #1 |
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Tech bubble forming?
You've got to wonder with all these IPOs (LinkedIn, Pandora, now Zillow, and more on the way) if we're not entering tech bubble 2.0. The earnings are infinitesimally small or non-existent for many of these companies with no clear plan for sustained profitability. How long will investors ignore their fundamentals?
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21 July 2011, 10:52 AM | #2 |
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Good question. From what I understand LinkedIn at least is profitable as of now, though it had several years of losses in the beginning. Plus it's a lot harder to go public than it was in the late 90s/early 00s tech bubble.
House prices in Silicon Valley, obviously correlated with IPOs, may seem like a bubble too, but right now the supply of homes on the market is highly restricted so the prices are rational in that sense. Even rental housing is being bid up from lack of supply. Groupon does seem a little shaky to me though with a business model that seems pretty easy to imitate and no propietary technology. If it were me I'd have taken that big bucket of cash Google offered. |
21 July 2011, 01:50 PM | #3 |
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It's a bubble, but nothing like the dot com boom/bust of late 90s/early 2000. I posted a on another forum about this same subject, and basically I summed it up as the past bubble was like the Hindenberg, and this bubble is more like a monster truck tire.
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21 July 2011, 01:51 PM | #4 |
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until they all get found out
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