The recent plunge in the value of Facebook and other once high-flying social media stocks has brought back painful memories of the dotcom bubble of the late 1990s.<\/p>\n
In that first wave of internet euphoria, investors threw money at unproven start-ups which quickly went bust or shrank to a tiny fraction of their peak value.<\/p>\n
Five trillion dollars (\u00a33.2tn) was wiped off the value of shares traded in major centres between 2000 and 2002, partly through the collapse in technology stocks.<\/p>\n
There are parallels with what is happening now to social media shares.<\/p>\n
Social media is the term bandied about for a range of internet businesses that have recently joined the stock market.<\/p>\n
via BBC News – Is social media another dotcom bubble?<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The recent plunge in the value of Facebook and other once high-flying social media stocks has brought back painful memories of the dotcom bubble of the late 1990s. In that first wave of internet euphoria, investors threw money at unproven start-ups which quickly went bust or shrank to a tiny fraction of their peak value. … Continue reading BBC News – Is social media another dotcom bubble?<\/span>