This is NOT a tech bubble
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When Yahoo decided to sue Facebook for patent infringement a few months ago, many tech watchers felt that this was a desperate act by a company whose best days were long behind it.
Facebook is finally trading. And even though the stock didn’t explode out of the gate, the company is still worth more than $100 billion. It shouldn’t be.
Facebook. Facebook. Facebook. Facebook.
With apologies to John Lennon: Imagine a eurozone without Greece. It’s easy if you try.
Facebook isn’t exactly picking the best time to go public. But it looks like it probably won’t matter.
So much for gold being a safe investment in times of market volatility.
This piece appears in the June issue of Money Magazine and was written before JPMorgan Chase revealed a surprise $2 billion trading loss. Data in the story has been updated to reflect stock prices as of May 11.
Looks like Twitter isn’t the only company with a fail whale.
If investors hate Europe so much, why isn’t the euro currency tanking?
I just might be crazy enough to shell out big bucks for a Led Zeppelin “reunion” show if Robert Plant, Jimmy Page and John Paul Jones were joined on stage by a hologram of the late John Bonham banging away on the drums during “Moby Dick.”
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