IPWoah
While I think there are substantive differences between the dotcom bubble and the Facebook IPO, I think the sentiment behind the comparison is quite right. The dotcom bubble grew from an excitement for the potential of Internet sites. The problem was not only this misleading level of excitement but also that investors were making projections for a medium they didn’t really know. Much like this lack of familiarity in the dotcom bubble, most of those making predictions for Facebook’s value aren’t the most acquainted with what Facebook is and does. They may know the figures, they may even have a profile — but it’s our generation that Facebook was created to target and it’s our generation that it continues to target with each change to the site.




