The New York Times ran a page one story today about how Silicon Valley appears to be in the midst of a new bubble, driven by the enthusiasm that venture capitalists and angels have for social networking and mobile apps businesses.
It cited the recent reports about how Twitter’s value has been pegged at $4 billion in its rumored round of investment. The story also pointed to the more than $5 billion valuation of Zynga, the creator of social games such as FarmVille on Facebook. And it pointed to Google’s willingness to pay $6 billion for Groupon, which was valued at $1.35 billion only eight months ago. Groupon evidently rejected the offer on Friday because it believes it is worth more.
To read the full, original article click on this link: Is Silicon Valley in a new bubble? (poll) | VentureBeat
Author: Dean Takahashi
