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Social Media Bubble Pops Before It Fully Inflates

Posted by Unknown on from the pop-pop-pop dept.

bdking writes "Groupon's IPO plans are melting down. Facebook has pushed back its IPO to next September. And now Zynga reports a 95% reduction in sequential quarterly profits. So much for the social media IPO bubble." At least everyone is getting let down before a lot of people lose a lot of money this time around.

1 of 200 comments (clear)

  1. Re:Overly dramatic headline by m50d · · Score: 5, Informative

    If you're buying it not because it's worth that much but because you think someone else will pay more for it, that's a bubble right there.

    --
    I am trolling