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Here Is The Second Dot Com Bubble: Just Beyond The "Public" View
While the world of speculative capital is focused intently on the Twitter and Facebook #Ref/0 fundamental valuations in the publicly-traded equity markets, as the WSJ illustrates, the real dot-com 2.0 bubble is occurring in the private markets. Today there are more than 30 companies in the US, Europe, and China that are valued at $1 billion or more by venture-captal firms and the club is becoming less exclusive as venture capitalists (in their ever growing speculative fervor) funnel large sums of capital into start-ups.
Click image for interactive and sortable WSJ infographic
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No bubble with FREE BITCOINS. I have been able to obtain 1/2 a bitcoin a week without using a penny. If you have a bitcoin wallet JOIN immediately for free:
http://freebitco.in/?r=224682
Does your aunt make $10k a week also?
Go away
Don't knock it here is my account dummy..for the last day of bitcoins
I’m a construction contractor in San Francisco and I’ve done work for most of these companies. There buying up retail space like crazy in all the high rises and building them out. When this puppy goes POP, say good buy to the micro boom in the bay area.
good opportunity to short the commercial realestate sector
How do you short these POS private companies? My puts on FB and NFLX are set.
NFLX is a magical unicorn. It’s a bankers love child. That POS will never go done until it “does”
@camaro68ss
Well said. NFLX is a widowmaker until it <one day> succumbs to perdition's flames.
My fair market value for FB, TWTR, NFLX, ZYNG are all $0.
Is that in US Dollars or your precious Bitcoins?
In dollar terms? Infinite currency, and in Bitcoin? Zero BTC.
netflix fucking sucks, shitty movies with grainy video, this pos is gonna bust wide open
Check out Project Free TV
http://www.free-tv-video-online.me
At least NFLX has paying customers. Lots and lots of them. Almost everybody I know has a NFLX account in their family.
Plenty of companies on this list that provide a free service. People will pay for movies and TV shows but they won't pay for randomly amusing internet services.
how does a bubble in private valuations pop? Sure some VC's might log bad performance a few years from now, but people still bathe this asset class in money. Where else would they put it, hedge funds?!
Also, most of the major rounds have 5-10 major shops in there, spreading the risk and doing each other favors by bidding up round valuations. There IS NO EFFICIENT MARKET that sets where these rounds get valued.
Did you see last years IPO's?
Facebook went out at $100bn!
A hundred billion!
These valuations are merely a bet on QE fantasy markets and that there are even more dipshits out there willing to pay any price for some brand they spend faaar to much time thinking about.
you've been shorting Netflix? I mean "at best this trade is one day old." If that. Facebook is up from below 20 to over 50...in less than a year.
There are many things I don't like about Facebook in the moral sense of the term...but that software platform isn't one of them
Isn't it odd that with the market getting crushed here Tesla and Twitter are "mere market performers" if not "slightly better"?
you've been shorting Netflix? I mean "at best this trade is one day old." If that. Facebook is up from below 20 to over 50...in less than a year.
Beartraps, they'll eventually take a dive I'm sure and it'll all be 'obvious' at that point but calling the exact right time.. good luck 'cause if you call it wrong....
http://www.nasdaq.com/symbol/nflx/interactive-chart?timeframe=5d&chartty...
Reminds me of esteemed Zero Hedge Contributor Reggie Middleton calling PEI the short of the year for 2012. How'd that work out for ya?
Timing the short is the beotch of the thing!
has Reggie been posting?
in these irrational markets, sharp analysis is one thing, but traditional sleuthing can be thrown out the window with dislocated markets.
Good opportunity to get fucked by the Fed, you mean.
Shorting is a market-based activity. Today's CRE is NOT.
"There buying up retail space..."
*They're
Dead giveaway he's under 30. We've got a pretty smart kid (mid 20s) start working with us a few months ago. Good school, professional backround. Still can't always tell the difference between THEY'RE, THEIR and THERE. I had to pull him aside and tell him to brush up on his grammar. Young people might be cool with that, but older people aren't.
Those classes were replaced with "Womens Studies" and altered versions of "history" of how the heterosexual white male enslaved everybody.
They don't know they're brainwashed, they don't know they're undereducated.
Huh?
We'll at least in "the bay area" there has been a glut of office space for years now. In San Mateo / Foster City the SPACE AVAILABLE signs are bigger than those of the companies still leasing there.
Interglobal LimitedSuite 102, Blake Building, Corner Eyre & Hutson Street
Belize City, Belize
Belize Formation Services Limited
Suite 102, Blake Building, Corner Eyre & Hutson Street
Belize City, Belize
Telephone: (501) 223-2839
Fax: (501) 223-3004 E-mail: belize@trinityserv.com
Host of the IP:interglobal-ltd.com[Host IP :192.254.189.107
IP Address: Houston Tx. - Hewitt Dr. - behind Scarborough High School. About a 2000 sq/ft tract house. Ill have the name and owner in a few minutes.
So please stop posting commercial links
Nice work.
My Jingdong is thick and 10 inches, but I wouldn't say it was worth $7.3 Billion!
If you just have to click on his link, leave off the referrel code i.e. "?r=224682"
Many of those names show a lack of creativity. "Trendy Group" and "Good Technology?" Really? WTF? One would hope that it was some serious socially inept eggheads responsible for those names, rather than just idiots in general.
that is exactly what I thought
Don't get me wrong, having a catchy name is fluff when you get down to it, but sheep like fluff, and if you want to fleece them, giving them fluff is not a bad idea. If you cannot give them fluff, it is much more necessary to have a solid product.
you know how you get fluff? you put in"I" in the front. Igood technowledge. Instant money maker
there all in there mid 20's early 30's and have no idea WTF is going on around them. Its goin to suck from them to learn what hardship is.
The names lack creativity but the creativity of the MS-Excel BS is in overdrive...
The algo and pomo driven, over hyped, rigged ponzi market valuation of US S&P500 equities is 8x free cash flow, for the ChiCom frauds it is 4.5x free cash flow (10yr averages, and since the goal of PE is to flip the bitch to a bigger sucker on the listed market, these stocks should be valued at DISCOUNT to their listed peers).
If I valued my holdings the way these companies are- I would be worth than those 85 clowns who supposedly own half the world (and so would anyone else with positive equity, tangible net worth and free cash flow).
"Good Technology" is today's BlackBerry.
There's going to be a trillion bubbles soon
STFU!
THECOMINGDEPRESSION
Let me put this nicely.
Suck my balls you inbred piece of shit!
My daughter's cat shits out more impressive fecal matter than anything you provide here.
Bear trap, bitchez!
https://www.youtube.com/watch?v=AsaK6GGuTAk
notice the bear walks away after getting hit, there one tough Bitch
First 1% spy down day and everyone is saying....and poof it's gone
Wait till the bull trap folks
Need to show a graph on their profits (or lack of).
More specifically, their NSA connectivity. Profits don't mean dick in comparison.
Profits are sooooo last century.
Add Care.com to this. Lost $17M last year, $25M this year with no plan in sight to be profitable...plan seems to be to sell this to some larger ehealth.com and double down on profits...silly.
Care.com just went public, they are cashing out at least partially.
I'd definitely take my private tech co public or sell out to a bigger fish.
wow snapchat 2 bill? tell me what is so different from snap chat and using your phone to send messages? 2 billionWTFBBQ!?!?!? this will not end well
I'm confused. I thought the only utility of snapchat was that it auto deleted naked selfies so the sexting Weiner politicians could deludedly feel they were protected from scandal for thier antics.
lol again, why not just use ur phone and delete.
How do you delete pictures from the recipient's phone, when you are the sender?
Well no I thought it auto-deleted from the recipients phone which is beyond my own capabilities? just not from the NSA servers. !
how does snapchat propose to monetize? show a 1 second commercial?
As long as it's in view of the algos, I can sleep at night.
[Edit: I want to hear a CNBS hack say he's "long JingDong".]
OT
Why for silver get monkey hammer?
The world of Silver is Flat.... and back at 2010 levels.
http://finviz.com/futures_charts.ashx?t=SI&p=w1
Seems the same monkey with the hammer is doing downvotes in the comment section.
I commented because usually gold moves with it and it did not this time.
My theory is that someone is using down arrows as a means of tracking which posts they have already read, so when they come back they can just read the ones without down arrows. Maybe even an automated script.
"Does your aunt make $10k a week also?"
She's a cocaine dealer, so yes. Yes she does.
Is this your aunt?
http://www.buyano.com/wp-content/uploads/2013/07/tinaturner_madmaxbeyond...
@MsC
Hot in the 80's, still hot in the Teenies.
P.S. Hope everything is good down your way.
You better be good to me, that's how it's got to be now, I don't have no use for what you loosely call the truth...
She had some legs man, agree!
All is very good, thanks for asking! Glad to see you posting too.
I am around daily.
@MsC
I'm around all day, too, just slowed down on the posting. We got snow down here in Louisiana, so it's been a winter wonderland today. We get snow flurries about once every 5 years, but it only sticks once every 10-20 years. Just finished off a bowl of snow ice cream....
With hip engineer slaves who think they are doing the world a great, heaping favor by 'disrupting' this or that or whatever they think they are doing. It's hard to take seriously complete and utter mediocrity that is lauded as excellence.
what? you don't like distruption of the 4 second photo sharing space?? LOL Like its so important!
Ruh Oh - how are I banks gonna fleece the general public again with overinflated Web 2.0 IPO's if they can't keep the stock market rally going?
I just recently graduated from Pandora to Spotify. It is a fantastic service for people such as myself, who enjoy nothing more at the end of a long week than sipping some wine, smoking some grass, and discovering some new music.
It also seems to be, in relative terms, even relative to Facebook and Twitter, the most massively overvalued thing in the galaxy.
I think Dropbox has some real utility and room for growth before the amount of assholes that would actually use it reaches saturation point.
~~~~~
and now for something completely different - a Justin Bieber / Slipknot mashup.
Justin Bieber vs. Slipknot - Psychosocial BabyAfter the EMP / Class X+ solar flare (occurring about 3 hours apart), I'm going to short all these BS stocks, then buy about 100000000 rolls of Bitcoins!
I used Dropbox once to receive a file...how does that make it worth 10 billion? Just wondering.
I'm too old for this technological/social media crap.
Dropbox? $10 billion? Are you sheep that fucking stupid? Really?
You get 16GB for free on google drive and they have the exact same file sharing UI as dropbox. In fact, it's a complete and total ripoff as only google can get away with, because they're the "leaders in innovation" and they "do no evil" as they like to think. Regardless, you can have the dropbox IPO all to yourselves.
Spcace X - the same as Dropbox and Spotify?
Im sorry my post was ambiguous at best. NO SpaceX is Not like the majority on thet list.
Right, the outer space joyride sector is justing "taking off" so to speak.
Obamacare is in a bubble.
Perhaps I'm too old, but what the fuck is SnapChat all about?
It's the NSA's introductory programme for kids.
You maybe right as their wiki page states their demographic is 13-20yo.
SSS
self serve surveillance
gateway sss
I don't know either, but in my case it comes from not giving a shit.
From the list, it seems we needs to assimilate with our Chinese Over Lords and learn their language ASAP.
Also, I don't get why Spotify has gained traction when GrooveShark is far supeior; Google have removed GrooveShark from their index at the behest of their music copyright masters trying to thin the market.
This is the everything bubble 1.0.
stocks
bonds
real estate
bitcoin
ammo
Most of these companies don't have a chance of ever actually making profits that approach the valuations let alone the equity funding.
How may car rides will it take for Uber to surpass $3.8B in after tax profits?
How many stays are necessary for Airbnb to net out $2.5B?
Snapchat will never generate a profit and it's valued at $2B..they should ahve taken the $3B and walked away.
These valuations are so off the charts.
You're missing the underlying theme; most of these companies are data mining - that's their true valuation...for whom?
I read about a guy who coded an app where you say 'who is' whilst wearing your Google Glasses and it took a picture and searched the database and returned their name...that has huge potential...but for which side?
and which database is searching?
From memory, he did it at a google code convention and i think it was a dummy data-set with a few selective pics to extol the virtues of his face-recognition code.
Howver, it's easy to extrapolate the link between this hardware and data-mining; once all the minions start wearing these Glasses then it makes the alphabet agaencies task so much easier.
It was also interesting to see GoPro manufactuere on the list - g'ments are wetting themselves over that one, namely HD self content.
For those at the Hedge who listen to the sounds of other trumpets, here is a old angle that corresponds to my vision of things à la 1980, antideluvial in current hubris; now being resuscitated like a boomerang coming back to sender :
The Myth of Maximizing Shareholder Value | naked capitalism
The key here is what we learned in those old days of pre NEW "supply side" 1980 capitalist age : MAximising shareholder value was the residual yardstick for measuring corporate performance not the cardinal one.
The pecking order THEN was ;
1° Customer satisfaction.
2° Sustainable growth paradigm as investment for innovation was NEVER short term.
3° Keeping your salaried troops happy as producers of value (the chain is judged by its weakest link) as well as your suppliers (supply chain reliability), as well as your citizen duty (paying govt. taxes) ...
All took precedence to shareholder value. Like the captain of the ship they, the shareholders, were not ephemereal WS WANKERS, they were the last to leave the boat (get their dividends and us Managers our bonuses, by the SAME token).
Since Reaganomics all that has changed, the corporate culture has become : quarterly report is Supreme criteria, aka Jamie Dimon in Davos today, and devil take the laggards. Asset strip them to bare bones and ship it all to cheap labour havens!
Now we wake up to CONSEQUENCES of all that.
Yes... and Libertarians should remember their butts don't thrive on social darwinism.
Thats the recipe for nation destruction.
Total profit from the whole list is probably in the negative billions.
Tyler, your posts seem to be of variable quality.
Cumulative difference between capitalization and valuation for the whole list: rough estimate $70-80 billion.
I don't know how the top dot-com companies would have stacked up against this in 1999, but the collapse of the bubble caused the loss of maybe $5 trilion in market value of companies, much of it from the dot com's.
It's interesting to see capital being pumped into companies that are probably not worth it, but I doubt this in any way compares in scale or potential impact.
Well there is no way Fab.com is worth $1.3 billion. Tons of people that participated in the latest round are way underwater and that round valued the company at $1 billion.
Snapchat is a great way to send friends pictures with penises drawn on them. That's got to be worth a few hundred million. Plus now I get snapchats from Rand Paul.
Elon Musk might be a megalomaniac, but Spacex is a pretty impressive company and gets to compete in a sector where the major players haven't bothered to change their business model in twenty years. And they get the best customer - Uncle Sam.
Square is also a very cool company for small businesses. I'm not sure if it can scale-up and compete with Visa or Mastercard though. They need to start accepting Bitcoins though.
Wait wait wait...The VC's invested just hundreds of millions and their valuations are in billions?? WTF? Total BS.
Look, this time it's different!
Maybe I should sell my Flooz, Pets.com, Enron, & Webvan stock?
I better sell my Bear Stearns stock too.
You thought the world was dominated by mega companies? You aint seen nothing yet