YouTube, Facebook Spark Copycats, Bubble Fear in Silicon Valley

February 24th, 2007

The Tech Bubble that broke in 2000 was catastrophic. Remember that NASDAQ sitting over 5000 and anyone tha thad a trading account making a mint in the market? A lot fo those people got smeared when the bubble burst because they weren’t really in the know. CNBC became an everyday viewing neccessity for many and it was exciting. Then it came and companies were dropping off the face of the Earth fast. Is it going to happen again? This article is a candid view about the topic.

Last fall, Yahoo! Inc. offered to buy Facebook for $1 billion — conjuring up a specter that last haunted Silicon Valley during the late 1990s: a technology bubble. Zuckerberg turned the offer down. He’s also received e-mailed marriage proposals on his own Facebook page. He’s turned them down, too.

Zuckerberg and scores of Web-savvy entrepreneurs who’ve grown up chatting, dating and shopping online are defining new rules for the Internet startup economy seven years after the dot-com bust. read more…