The Social Media Bubble has Popped

It happened. It’s over.

The bubble was popped by Facebook’s IPO belly flop. Some saw it coming, but before May 18, plenty of smart people saw only blue skies. Chris Sacca predicted we’d see a $56 price on opening day. But within 2 weeks, the price had dropped 29% to a low of $26.83. According to Bloomberg, it was the worst IPO of the decade.

via thenextweb.com

Sad but possibly true. I knew Facebook’s success was the devil’s work.

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