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Analysis: Internet stock collapse dents Silicon Valley
By Gerry Shih and Sarah McBride
SAN FRANCISCO |
Fri Aug 3, 2012 5:07pm EDT
SAN FRANCISCO (Reuters) - Social media companies, once hailed by their Silicon Valley boosters as world-changing businesses with limitless potential, are instead proving a sobering reminder of how investors can be seduced by Internet hype.
With a few exceptions, the first wa...
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Summary
SAN FRANCISCO (Reuters) - Social media companies, once hailed by their Silicon Valley boosters as world-changing businesses with limitless potential, are instead proving a sobering reminder of how investors can be seduced by Internet hype.
TheMediaBriefing Social