Just for fun, where in this bubble phase graph might we be in terms of Web 2.0?
Yesterday’s Pandora IPO was an atrocity. Money-losing company with 50% market share and no profits in sight comes out at a $3 billion valuation, GMAFB. I said it was a loser yesterday on CNNMoney, btw. By the way, Richard Greenfield (media analyst at BTIG) is my new hero, he just slapped a Sell rating on Pandora and a $5.50 target on the stock the day after its IPO. That is keepin’ it real.
Anyway, what are your thoughts on where we are, I am undecided myself…
What say you?