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Further discussion about a possible new IT bubble

A Bubble in Social-Media Stocks –

“Some might argue fairly that social-networking companies haven’t reached bubble proportions, in part because social media represents an entirely new wave of innovation and commerce enabled by the existence of more than five billion Internet-enabled mobile devices.”

“So, this isn’t a straight replay of the ’90s tech bubble, and therefore not a once-in-a-century misallocation of capital that will collapse a broad swath of the U.S. stock market by 80% before it’s all done.”

“Even companies only tangentially attached to social media are being lifted by this tide.”