June 27, 2011

Tech Bubble? What Tech Bubble?

Nicholas Carlson::

"Earlier today, a small, publicly-traded investment firm called GSV Capital announced that it has taken a small, $6 million stake in Facebook at a $70 billion valuation.

Guess what happened to GSV's stock?"

(Via Silicon Alley Insider.)

Click through for GSV's intra-day price chart. And keep repeating, "this is not a bubble. This is not a bubble."

Right. We've been here before, people.