Bubble Phases: You Are Here?
- Joshua M Brown
- June 16th, 2011
Just for fun, where in this bubble phase graph might we be in terms of Web 2.0?
Yesterday's Pandora IPO was an atrocity. Money-losing company with 50% market share and no profits in sight comes out at a $3 billion valuation, GMAFB. I said it was a loser yesterday on CNNMoney, btw. By the way, Richard Greenfield (media analyst at BTIG) is my new hero, he just slapped a Sell rating on Pandora and a $5.50 target on the stock the day after its IPO. That is keepin' it real.
Anyway, what are your thoughts on where we are, I am undecided myself...
What say you?
Chart Source:
The Next Bubble: Don't Get Fooled Again (Steve Blank)
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More. -
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