Valuations are "stretched" for a number of stocks. These things are cyclical and always work themselves out.
IMO nothing compares with Facebook buying $30 m/yr revenue company WhatsApp for $19 billion. That will probably be the high water mark for this boom/bust cycle. Much like AOL buying Time Warner for $164 billion marked the peak of the 2000 dotcom era.
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Valuations are "stretched" for a number of stocks. These things are cyclical and always work themselves out.
IMO nothing compares with Facebook buying $30 m/yr revenue company WhatsApp for $19 billion. That will probably be the high water mark for this boom/bust cycle. Much like AOL buying Time Warner for $164 billion marked the peak of the 2000 dotcom era.
Well once Google buys Uber (who else could/would?), $19 billion won't be enough...