Friday, June 24, 2011

Tech Bubble coming again?

Linkedin and Pandora have recently been listed in the US and I would have thought that the lessons of the dot com bubble would have been learned and remembered. Instead, the IPOs for these 2 companies went through the roof.

At one point, the PE ration of Linkedin was in 4 digits. Pandora has never made a profit all these years and yet the IPO could be priced beyond it's initial price. Have people forgotten the fundamentals of a business?

A bubble? Looks like it.

1 comment:

Anonymous said...

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