Submitted by acohill on Tue, 02/15/2011 - 13:36
There have been rumblings for a while now that the dot-com era is back. A few companies have indicated that they may be considering IPOs, which have been scarce for ten years. The reason the dot-com era is back is because someone has decided Zynga, the company that developed the Facebook game Farmville, is worth seven to nine billion dollars.
$7 to 9 billion...Really? Farmville?
Some of the biggest manufacturers in the U.S., with billions in hard assets, are not valued at that level. Zynga has some software and some Web users. So did AOL once. Whoopee. It's that kind of "we're king of the world" thinking that got AOL and thousands of other dot-com era companies where they are today, which is nowhere.
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