Friday, May 20, 2011
Another Internet Bubble?
LinkedIn closes at $93 a share and change; indication of another Internet "bubble"? Could be in the short term; don't think so longer term. While the relative valuation of LinkedIn could be debated (based on traditional valuation methods), the long term prospects for Internet companies that offer scalable solutions to real world problems may be underestimated by looking only at current EBITDA.