Market Currents
"The social-web IPO window is now closed," proclaims Matthew Ingram after witnessing Facebook...
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Sunday, July 29, 2012, 5:56 PM ET"The social-web IPO window is now closed," proclaims Matthew Ingram after witnessing Facebook and Zynga's post-Q2 crashes. A slight exaggeration, but there's no doubt the cold reception given to many consumer Web IPOs is taking a toll on IPO activity and late-stage private valuations. For now, enterprise growth names remain a bastion for frothy multiples - multiples that have gotten frothier lately thanks to successful IPOs, VMware/Nicira, and positive earnings news.
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This news story has 9 comments:
Great investing advice there...
Our environment right now is nothing like the environment back then. Our macro issues are very different.
Our situation with our industries and individual companies (valuations, etc.) are very different as well.
I focus on opportunities. After the crash in 2000, there were some of the best opportunities in the last 20 years, as my name states, buyers in 2002 were handsomely rewarded.
There is a difference between buying Webvan versus say Mastercard and reaping benefits. Both were available soon after the tech crash. Market crashes/corrections are times to buy, not panic.
I'm talking about overpriced tech IPOs like Facebook.
I don't know what your talking about.
Good luck with your ZNGA investment, though.
SAP, DISCA, SNI, LPI, CLH, LQDT, KYAK, VELT, ZIP.
I don't own FB or ZNGA.
Why doesn't anyone remember 2002 and March 2009?
that's not social, that's suicidal.