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.
32 times less revenue. If out-of-your-mind bubbly, Facebook is worth $14 trillion suggested in some circles. Google is in position to bust more than a few lucrative blocks, encroaching on the turfs of the AT&Ts and Verizons of the world. But a website with questionable revenue and
Redlitz joins a rather loud chorus of people saying this isn't 1999 all over again, that this time it's different. A critic is quick to note that this like when an addict denies his denial, or a teenager swears it's a love that lasts forever. Nevertheless, the players move ahead.
"I don't think this is a bubble," agrees Andy Beal, editor of
Both assessments are matched even by the mayor of Mountain View, Laura Macias, who presides over the heart of the madness where hundreds of tech startups have opened up shop just down the road from the Googleplex. On Tuesday,
And maybe so. Maybe 1999 really was the teenage romance that went kaput as soon as college began and the real world settled around us. Maybe (though it's hard not to doubt) this is the mature romance we learn to have later (shh, no cracks about the divorce rate, ok?).
The only thing that settles it is time – or a harsh morning sobriety – but until then, Silicon Valley parties on.
No comments yet. Be the first to comment!