So, it is official - there is no bubble in public Internet stocks... According to ReadWriteWeb. There might be in private valuations, but that is almost impossible to analyze accurately without access to hard data on late stage VC valuations.
ReadWriteWeb analyzes the financials of the 7 publicly traded Internet Big Cos and of the "middle 20" (publicly traded web technology stocks with a market cap over $1 billion), here's the wrap-up:
It's Official: There Is No Bubble - ReadWriteWeb
Wednesday, July 16, 2008
It's Official: There Is No Bubble - ReadWriteWeb
Posted by Michael S. Levy at 11:10 AM