Re:LinkedIn shares drop 40%, erasing $10B of company's value
by codesushi42 on Saturday February 06, 2016 @02:17AM
(#11046889)
That's like saying the housing crash would have never happened because real estate always has inherent value.
A bubble's a bubble. This isn't a simple "correction". When your stock's PE is above 1000x, it's a bubble. Overvaluation IS the definition of a bubble, not a lack of "fundamentals".
Amazon and Yahoo had revenue in 2000 and still crashed.
A bubble's a bubble. This isn't a simple "correction". When your stock's PE is above 1000x, it's a bubble. Overvaluation IS the definition of a bubble, not a lack of "fundamentals".
Amazon and Yahoo had revenue in 2000 and still crashed.