I have a ton of links today so I am going to do this in two parts. Here are the links I have so far and I want to concentrate on the popped Web 2.0 bubble in the wake of Groupon's earnings and subsequent share price slide.
Web 2.0 is for real. I know that may be a strange way to start a post on Groupon and the Web 2.0 IPO bubble but it's true. Companies like Facebook are not just profitable but hugely profitable, not something we could say about the darlings of the Tech bubble like AOL, Amazon, WebVan or many other companies. Yahoo was probably the most profitable of the big tech bubble companies to go public early. It was only after the bubble burst and eBay and Google came to market that we actually saw real earnings at any of these IPO companies. So, that is the context. Web 2.0 is f...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.