All Posts Tagged Tag: ‘bubble’
Last Wednesday, Microsoft acquired a 1.6% stake in social network site Facebook for $240 million, outbidding Google (which is stock-priced at $674 today). You probably heard of this, and it got more chatter started asking… is this a bubble? Here are some related quotes.
In some companies, the tech professionals work in dimly lit rooms for 50 hours a week. But then, with any luck, they stride out into the parking lot and drive home their Porsches; new data indicates that tech wages are almost higher than they’ve ever been before.
It wasn’t long ago a couple of analysts pulled a few blogs to the air hose and blew up their valuations. Michael Arrington’s TechCrunch was among them with an MSRP of $100 million and CNet the prime candidate to buy. Then, this morning Arrington said something very curious.
Maybe it’s not best to ask online players if online properties are overvalued. But the general consensus, save for an occasional cautious voice, seems to be that the market is bullish, not bubbled. Rational, on the other hand, is an entirely different matter.
A $750 billion Google? A $15 billion Facebook? $100 million for TechCrunch? Valuations like these are inspiring one of three reactions: laughter; elation; and déjà vu all over again. Even as that word is at the back of everyone’s (well, at least the skeptic’s) mind, some analysts say fat times are ahead in e-commerce.
“Yahoo!Xtra Bubble” – sounds like a kind of gum, doesn’t it? But it’s actually a new service that should soon become available to customers of Telecom New Zealand, and it’ll “offer a suite of premium services accessed through a personalised homepage – all at no extra cost.”
God, I love it when the blogosphere blows up. It keeps my job entertaining. This time, a well-known columnist set some bait, and let the traffic flow. PC Magazine can’t be paying for the insightful commentary, but cranky old men that know how to fire up the A-listers are definitely worth something.
If you’re in the real estate market, then chances are business has been good. For many, it’s been so good that they’ve decided to quit while they’re ahead. Last month, Hitwise released a report that reflects that concern. Searches for the terms “real estate bubble” and “housing bubble” lit up all of the major search engines, jumping by 311 percent.
It is said that we overestimate the short-term impacts of a revolution and underestimate the longer-term ones. I have known people who overestimated and others who underestimated the short-term impacts of the Web. I have met some who believed that after the dot com bust, the Web wasn’t that important anymore. They couldn’t be more wrong.