"The social-web IPO window is now closed," proclaims Matthew Ingram after witnessing Facebook...

|By:, SA News Editor

"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.