Beware the Bubble
Billion dollar valuations for Twitter and Groupon “mathematically insane,” according to IAC founder and chairman Barry Diller.
Diller addressed a packed house at the SXSW conference in Austin, and covered a range of topics from Apple’s iPad 2 and the issue of network neutrality, to Rupert Murdock’s iPad only magazine, The Daily, and Hulu.com. But what caught our ear was his more pessimistic view of some of the crazy prices people are paying for startups these days.
Twitter,
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