Which was the defense of those who said "there's no web bubble" in 2000, "no housing bubble" in 2005, "no tulip bubble" in 1636, the East India company would make everyone rich in 1670. A bubble by definition isn't evident until after the fact.
But I'll still advance Bebo as the exemplar of an emerging bubble. Acquired for $850 million, sold 2 years later for < $10 million. And there's other similar cases.
But I'll still advance Bebo as the exemplar of an emerging bubble. Acquired for $850 million, sold 2 years later for < $10 million. And there's other similar cases.