A bubble in social media stocks?

Now, returning to the 5,000-point high is no longer far from the highest point of history.

Social media shares are the bellwether of this technology trend, with Twitter rising more than 35%,facebook this year to a record high, with LinkedIn approaching 90 times times the 2015-year dynamic earnings ratio. In that case, the 2000 seems to have come back again. But is that really the case?
Not too.
Admittedly, the social media industry's leading stocks are rising sharply. These stocks may have risen too fast to wait for a correction. But Facebook, Twitter and LinkedIn have good revenue positions and are expected to achieve a decent profit performance over the next few years.
These companies have a huge user base and can earn a lot of money through advertising and fee-based services. They are essentially different from the Webvan, theglobe.com and pets.com of the year.
In addition, there are some other differences over the two periods spanning 15 years. Investors also have a wealth of experience in judging the quality of the company. Underperforming companies are punished, and not all social-media stocks are enthusiastically sought after.

In fact, the Global X Social Media Index ETF Fund has fallen in the past year, while the Nasdaq index has risen nearly 20% per cent in the same period.
Although the ETF fund has many big-name social media companies, there are a number of underperforming companies, such as Groupon, Zynga, Yelp, Pandora and Angie ' s List.
If things do look like 2000, you'll see more underperforming companies rising along with industry leaders, but that doesn't happen.
Indeed, some private companies now raise millions of of billions of dollars from top-class VCs, and valuations have reached $ billions of trillion. This is indeed a little disturbing.
When companies such as Uber, Airbnb and Snapchat decide to go public, can they meet Wall Street's expectations and achieve strong revenue and profit growth? This cannot be ascertained.
Really, Uber is worth 40 billion of dollars, valued more than Twitter and LinkedIn.
So if you're not saying that the tech bubble is everywhere, you're talking about private companies, not listed companies. (PEI)
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